Can Caterpillar's Momentum Continue in 2026 and Beyond?
As the largest construction equipment manufacturer, (NYSE: CAT) is quite literally a purveyor of picks and shovels. Well, the costly kind. The company's large and extra-large excavators can cost between $500,000 and $1.2 million each.
Even at the low end, that's more than the median home price in the U.S. Yet even at those price points, Caterpillar has a receptive audience among data center builders, leveraging the industrial stock to the artificial intelligence (AI) trade. Those ties are a big reason why the stock is up 124% over the past year and is now the second-largest member of the price-weighted Dow Jones Industrial Average.
Caterpillar can extend its winning ways and it's not all about data centers. Image source: Getty Images.
Source Fool.com
Caterpillar Inc. Stock
Our community is currently high on Caterpillar Inc. with 61 Buy predictions and 5 Sell predictions.
However, we have a potential of -0.16% for Caterpillar Inc. as the target price of 763 € is below the current price of 764.2 €.
