Are Wall Street Analysts Predicting Cummins Stock Will Climb or Sink?

Columbus, Indiana-based Cummins Inc. (CMI) designs, manufactures, distributes, and services diesel and natural gas engines, electric and hybrid powertrains, and related components worldwide. Valued at $50.9 billion by market cap, the company offers products to original equipment manufacturers (OEMs), distributors, and dealers through a network of company-owned and independent distributor facilities.

Shares of the global power solutions leader have outperformed the broader market considerably over the past year. CMI has gained 65.3% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 31.8%. In 2024, CMI stock is up 54.9%, surpassing the SPX’s 25.8% rise on a YTD basis.