“Caterpillar Fell Nearly 25% Over 3 Months But These Two Wall Street Firms Say It’s Going to Appreciate by Nearly 80%”
November 12, 2026
“HSBC and Wells Fargo both hold $1,150 price targets on CAT, implying 78% upside after shares fell 39% from their 52-week high.
Deere trades only 8% below its 52-week high with 5% implied upside, while Cummins carries 37% upside. Both still trail the analyst-implied return for Caterpillar.
Caterpillar’s $72 billion backlog rose 92% year over year, with gas prime power orders extending into 2029 and the CEO saying…”
https://finance.yahoo.com/markets/stocks/articles/caterpillar-fell-nearly-25-over-111546445.html