Caterpillar Inc. (CAT)
NYSEIndustrialsFarm & Heavy Construction MachinerySnapshot 2026-07-07
$939.95-3.09%
Close 2026-07-07 · 1-day change
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Track CAT free→Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Construction Machinery & Heavy Transportation Equipment is in contraction. Describes the industry's cycle state, not a call on this stock.
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
Caterpillar's growth story relies on a $63 billion AI backlog to drive value. Revenue grew 22% year over year, and the last quarter beat expectations. It trades at 48× P/E versus a peer median of 24×. The market is pricing in more growth than we forecast, making it look expensive. If CAT cuts guidance on the next call, it could negatively impact the stock. Peer multiples imply a price about 84% below where it trades; this read is provisional.
Trailing returns as of 2026-07-07. CAT is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 28 analysts currently covering CAT (as of Jul 2026).
Based on 12 Wall Street analysts offering 12-month price targets for CAT in the last 4 months.
A consensus fair price across 13 valuation methods, at three horizons. Current price $939.95. As of 2026-07-08. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A price-focused, side-by-side fair-value read versus Construction Machinery & Heavy Transportation Equipment — fair value, gap to price, and forward P/E.
Advances: Focus on long-term value delivery
Acquisition enhances long-term value delivery through technology expansion.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-07-07. EPS is implied from price ÷ P/E. Not investment advice.
Current $939.95
The last 12 months of price, then the range of analyst 12-month targets from today’s $939.95.
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
A long-thesis check that carries the widest uncertainty of the three horizons.
Below average on quality vs scored peers
A second lens on the 12-month fair value: for companies that score high on measured quality (profitability, balance-sheet safety, earnings stability), this read trusts more of today's profit margins instead of averaging them toward their multi-year history the way the headline number does. Shown alongside the fair value above, not in place of it. A diagnostic, not a price target or a buy/sell signal.
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
Advances: Increase sales volume
Workforce push directly increases sales volume.
Valuation questions could impact investor confidence.
Advances: Focus on long-term value delivery
Russell Top 50 addition boosts visibility and sales potential.
Unprecedented valuation raises concerns about future growth.
Advances: Focus on long-term value delivery
Battery-electric trucks enhance long-term value delivery and sustainability.
Advances: Focus on long-term value delivery
AI focus aligns with long-term value delivery objective.
Advances: Increase sales volume
Increased demand supports sales volume growth objective.