Caterpillar Stock Outlook: Is Wall Street Bullish or Bearish?

Irving, Texas-based Caterpillar Inc. (CAT) manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in the United States and internationally. The company has a market capitalization of $420.1 billion and is one of the world’s largest manufacturers of the said equipment.

CAT shares have outperformed the broader market over the past year and in 2026. CAT stock has grown 155.9% over the past 52 weeks and 57.5% on a YTD basis. In comparison, the S&P 500 Index ($SPX) has returned 26.5% over the past year and risen 8.8% in 2026.