There are numerous reasons underpinning Caterpillar's (NYSE: CAT) stock price uptrend and potential to reach $1,200, culminating in analysts' sentiment trends. As it stands, consensus suggests the stock is fairly valued as of early August, but it is the trend that matters.
The trends, which may strengthen in Q3 due to Q2 outperformance, could provide a robust tailwind with coverage increasing, sentiment firming, and price targets rising, leading to a high-end range that tops out above $1,200.
