Caterpillar's shares dropped nearly 30% over six months despite a record $78 billion backlog supporting future growth. HSBC is bullish, projecting an 85% upside to $1,150, driven by demand in AI data center power, global infrastructure, and high-margin services. The stock fell after a slight revenue miss and cautious guidance, but management expects margins to improve in 2027 as factory capacity ramps up. The next key test will be Caterpillar's 2027 outlook update in January.
Caterpillar shares trade at USD 630.25 on Pluang as of Nov 02, 2026 19:31 WIB, up 1.24% for the day. Despite the recent six-month drop noted in the article, the stock remains well above its 52-week low of USD 546.13 and below its 52-week high of USD 1.06K. The platform data shows a market cap of $286.26 billion and a dividend yield of 1.05%, highlighting Caterpillar's significant presence in the industrials sector.
Caterpillar reported strong operational results for Q3 2026, driven by a $78 billion backlog fueled by AI infrastructure demand, extending revenue visibility into 2029-2030. Despite this, shares have dropped 29% due to concerns over valuation and the...
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 ...
Both Boeing and Caterpillar reported Q3 earnings recently, with Boeing missing estimates and Caterpillar beating them yet both stocks fell. Caterpillar shows stronger income, cash flow, and shareholder returns, including rising dividends and steady b...
Caterpillar's stock has fallen nearly 40% from its 52-week high due to cost pressures and a cautious earnings report, despite beating EPS estimates. However, two major Wall Street firms, HSBC and Wells Fargo, see significant upside potential of up to...
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 ...
