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

OverviewForecast
EarningsDividendOwnership

Analyst price target for CMI

Based on 8 analysts offering 12 month price targets for Cummins Inc.
Min Forecast
$225.00-22.79%
Avg Forecast
$279.63-4.05%
Max Forecast
$321.00+10.15%

Should I buy or sell CMI stock?

Based on 8 analysts offering ratings for Cummins Inc.
Hold
Strong Buy
3 analysts 37.5%
Buy
0 analysts 0%
Hold
3 analysts 37.5%
Sell
1 analysts 12.5%
Strong Sell
1 analysts 12.5%

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CMI stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2024-04-16
lockedlocked$00.00+00.00%2024-03-25
lockedlocked$00.00+00.00%2024-03-15
lockedlocked$00.00+00.00%2024-03-14
lockedlocked$00.00+00.00%2024-02-20
Citigroup
Top 5%
96
Strong BuyMaintains$285.00-2.20%2024-02-12
Bank of America
Top 14%
87
SellDowngrades$225.00-22.79%2024-01-19
Morgan Stanley
Bottom 10%
10
Strong BuyInitiates Coverage On$278.00-4.61%2024-01-08

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Forecast return on equity

Is CMI forecast to generate an efficient return?
Company
N/A
Industry
5.92%
Market
20.1%

Forecast return on assets

Is CMI forecast to generate an efficient return on assets?
Company
N/A
Industry
1.36%

CMI revenue forecast

What is CMI's revenue in the next 3 years based on estimates from 7 analysts?
Avg 1 year Forecast
$32.6B-4.3%
Avg 2 year Forecast
$34.5B+1.23%
Avg 3 year Forecast
$36.6B+7.32%
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
172.19%
Industry
13.1%
Market
28.59%
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
0.69%
Industry
2.53%
Market
9.39%
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$291.42$279.63-4.05%Hold
AME$177.27$190.75+7.60%Strong Buy
OTIS$95.49$96.40+0.95%Buy
IR$88.97$98.75+10.99%Strong Buy
ROK$273.50$303.60+11.01%Buy
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 8 Wall Street analysts covering (NYSE: CMI) stock is to Hold CMI stock.

Out of 8 analysts, 3 (37.5%) are recommending CMI as a Strong Buy, 0 (0%) are recommending CMI as a Buy, 3 (37.5%) are recommending CMI as a Hold, 1 (12.5%) are recommending CMI as a Sell, and 1 (12.5%) 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 revenue growth forecast for 2024-2026?

(NYSE: CMI) Cummins's forecast annual revenue growth rate of 0.69% is not forecast to beat the US Specialty Industrial Machinery industry's average forecast revenue growth rate of 2.53%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 9.39%.

Cummins's revenue in 2024 is $34,065,000,000.On average, 7 Wall Street analysts forecast CMI's revenue for 2024 to be $4,624,351,635,436, with the lowest CMI revenue forecast at $4,554,560,336,421, and the highest CMI revenue forecast at $4,681,701,521,541. On average, 7 Wall Street analysts forecast CMI's revenue for 2025 to be $4,891,603,835,339, with the lowest CMI revenue forecast at $4,731,635,131,685, and the highest CMI revenue forecast at $5,086,844,676,573.

In 2026, CMI is forecast to generate $5,186,223,625,594 in revenue, with the lowest revenue forecast at $4,996,907,435,575 and the highest revenue forecast at $5,587,315,632,789.

What is CMI's forecast return on assets (ROA) for 2024-2026?

(NYSE: CMI) forecast ROA is N/A, which is lower than the forecast US Specialty Industrial Machinery industry average of 1.36%.

What is CMI's Price Target?

According to 8 Wall Street analysts that have issued a 1 year CMI price target, the average CMI price target is $279.63, with the highest CMI stock price forecast at $321.00 and the lowest CMI stock price forecast at $225.00.

On average, Wall Street analysts predict that Cummins's share price could fall to $279.63 by Apr 16, 2025. The average Cummins stock price prediction forecasts a potential downside of 4.05% from the current CMI share price of $291.42.

What is CMI's forecast return on equity (ROE) for 2024-2026?

(NYSE: CMI) forecast ROE is N/A, which is considered weak.
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