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NYSE: CMI
Cummins Inc Stock Forecast, Predictions & Price Target

OverviewForecast
EarningsRevenueDividendOwnership

Analyst price target for CMI

Based on 7 analysts offering 12 month price targets for Cummins Inc

Min Forecast
$310.00-18.06%
Avg Forecast
$369.43-2.35%
Max Forecast
$415.00+9.69%

Should I buy or sell CMI stock?

Based on 7 analysts offering ratings for Cummins Inc.

Hold
Strong Buy
1 analysts 14.29%
Buy
1 analysts 14.29%
Hold
4 analysts 57.14%
Sell
0 analysts 0%
Strong Sell
1 analysts 14.29%

Be the first to know when Wall Street analysts revise their CMI stock forecasts and price targets.

CMI stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2024-11-20
lockedlocked$00.00+00.00%2024-11-13
lockedlocked$00.00+00.00%2024-11-06
lockedlocked$00.00+00.00%2024-11-06
lockedlocked$00.00+00.00%2024-10-11
Truist Securities
Top 8%
93
HoldMaintains$371.00-1.94%2024-10-09
Barclays
Top 33%
68
HoldMaintains$310.00-18.06%2024-08-05

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Forecast return on equity

Is CMI forecast to generate an efficient return?

Company
29.59%
Industry
103.17%
Market
71.33%
CMI's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is CMI forecast to generate an efficient return on assets?

Company
9.52%
Industry
11.22%
CMI is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

CMI earnings per share forecast

What is CMI's earnings per share in the next 3 years based on estimates from 6 analysts?

Avg 1 year Forecast
$20.75+36.51%
Avg 2 year Forecast
$22.21+46.1%
Avg 3 year Forecast
$27.47+80.73%
CMI's earnings are forecast to... subscribe to Premium to read more.
Forecast High Earnings Growth Forecast

CMI revenue forecast

What is CMI's revenue in the next 3 years based on estimates from 7 analysts?

Avg 1 year Forecast
$33.8B-1.23%
Avg 2 year Forecast
$34.6B+1.15%
Avg 3 year Forecast
$38.3B+11.92%
CMI's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

CMI earnings growth forecast

How is CMI forecast to perform vs Specialty Industrial Machinery companies and vs the US market?

Company
20.59%
Industry
11.1%
Market
17.56%
CMI's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Industry Forecast
CMI's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Market Forecast
CMI's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Savings Rate Forecast

CMI revenue growth forecast

How is CMI forecast to perform vs Specialty Industrial Machinery companies and vs the US market?

Company
3.33%
Industry
4.53%
Market
8.9%
CMI's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
CMI's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

CMI vs Specialty Industrial Machinery Stocks

TickerPricePrice TargetUp/downsideConsensus
CMI$378.33$369.43-2.35%Hold
AME$195.00$199.17+2.14%Buy
IR$103.95$105.71+1.70%Buy
OTIS$101.13$105.50+4.32%Hold
ROK$293.83$278.73-5.14%Hold
View Top Specialty Industrial Machinery Stocks

Cummins Stock Forecast FAQ

Is Cummins Stock a good buy in 2024, according to Wall Street analysts?

The consensus among 7 Wall Street analysts covering (NYSE: CMI) stock is to Hold CMI stock.

Out of 7 analysts, 1 (14.29%) are recommending CMI as a Strong Buy, 1 (14.29%) are recommending CMI as a Buy, 4 (57.14%) are recommending CMI as a Hold, 0 (0%) are recommending CMI as a Sell, and 1 (14.29%) are recommending CMI as a Strong Sell.

If you're new to stock investing, here's how to buy Cummins stock.

What is CMI's earnings growth forecast for 2024-2026?

(NYSE: CMI) Cummins's forecast annual earnings growth rate of 20.59% is forecast to beat the US Specialty Industrial Machinery industry's average forecast earnings growth rate of 11.1%, and it is also forecast to beat the US market's average forecast earnings growth rate of 17.56%.

Cummins's earnings in 2024 is $2,097,000,000.On average, 6 Wall Street analysts forecast CMI's earnings for 2024 to be $2,846,523,429, with the lowest CMI earnings forecast at $2,824,574,333, and the highest CMI earnings forecast at $2,879,447,073. On average, 9 Wall Street analysts forecast CMI's earnings for 2025 to be $3,046,356,233, with the lowest CMI earnings forecast at $2,688,764,299, and the highest CMI earnings forecast at $3,518,714,504.

In 2026, CMI is forecast to generate $3,768,618,684 in earnings, with the lowest earnings forecast at $3,481,675,404 and the highest earnings forecast at $4,370,613,805.

What is CMI's revenue growth forecast for 2024-2026?

(NYSE: CMI) Cummins's forecast annual revenue growth rate of 3.33% is not forecast to beat the US Specialty Industrial Machinery industry's average forecast revenue growth rate of 4.53%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 8.9%.

Cummins's revenue in 2024 is $34,198,000,000.On average, 7 Wall Street analysts forecast CMI's revenue for 2024 to be $4,633,792,935,145, with the lowest CMI revenue forecast at $4,620,471,342,679, and the highest CMI revenue forecast at $4,656,249,192,771. On average, 7 Wall Street analysts forecast CMI's revenue for 2025 to be $4,745,329,874,550, with the lowest CMI revenue forecast at $4,556,769,577,884, and the highest CMI revenue forecast at $4,950,198,898,509.

In 2026, CMI is forecast to generate $5,250,610,692,567 in revenue, with the lowest revenue forecast at $5,090,406,982,164 and the highest revenue forecast at $5,552,984,187,108.

What is CMI's forecast return on assets (ROA) for 2024-2027?

(NYSE: CMI) forecast ROA is 9.52%, which is lower than the forecast US Specialty Industrial Machinery industry average of 11.22%.

What is CMI's Price Target?

According to 7 Wall Street analysts that have issued a 1 year CMI price target, the average CMI price target is $369.43, with the highest CMI stock price forecast at $415.00 and the lowest CMI stock price forecast at $310.00.

On average, Wall Street analysts predict that Cummins's share price could fall to $369.43 by Nov 20, 2025. The average Cummins stock price prediction forecasts a potential downside of 2.35% from the current CMI share price of $378.33.

What is CMI's Earnings Per Share (EPS) forecast for 2024-2026?

(NYSE: CMI) Cummins's current Earnings Per Share (EPS) is $15.20. On average, analysts forecast that CMI's EPS will be $20.75 for 2024, with the lowest EPS forecast at $20.59, and the highest EPS forecast at $20.99. On average, analysts forecast that CMI's EPS will be $22.21 for 2025, with the lowest EPS forecast at $19.60, and the highest EPS forecast at $25.65. In 2026, CMI's EPS is forecast to hit $27.47 (min: $25.38, max: $31.86).

What is CMI's forecast return on equity (ROE) for 2024-2027?

(NYSE: CMI) forecast ROE is 29.59%, which is considered strong.
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