Caterpillar stock surges 177% in 12 months, driven by AI-related energy demand, but Wall Street expects a near-term pullback.

Caterpillar, known for heavy machinery, has seen its energy division grow rapidly due to increased AI data center power needs, boosting its stock by 177% over the past year to over $800. Technical analysis suggests potential for further gains, possibly surpassing $1,000 per share in 2026. However, Wall Street analysts remain cautious, predicting a moderate pullback to around $770 in the next 12 months, with the highest price target below $960. The stock is rated as a 'Moderate Buy' amid mixed technical signals and a risk of short-term correction.