Caterpillar announced a 17% increase in revenue for the third quarter, showing continued growth but at a slower pace compared to the 24% growth in the prior quarter. Despite strong topline results, the growth rate may disappoint some investors given the high expectations fueled by optimism around AI-related infrastructure. The stock trades at a premium, about 30% above historical averages, reflecting confidence in Caterpillar's role in this sector. The analyst recommends holding the stock at current levels rather than buying or selling.
Caterpillar shares are priced at USD 636.12 on Pluang as of Oct 30, 2026 22:02 WIB, down 1.74% in the past day. The stock holds a market cap of $297.59 billion and shows strong investor interest with 92% of orders on Pluang being buys. This trading activity highlights continued confidence in Caterpillar despite the recent slower revenue growth noted in the news.
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Caterpillar (CAT) shares fell sharply after reporting strong Q3 results, driven by its Power & Energy division's growth fueled by data center demand. The company reported a record $78 billion backlog, up 96% year-over-year, though sequential backlog ...
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