What Are Wall Street Analysts’ Target Price for Cummins Stock?

Cummins Inc. (CMI) designs, manufactures, and distributes engines and related power solutions, including diesel and natural-gas engines, fuel systems, emission controls, and power generation systems for industrial, commercial, and automotive applications. Headquartered in Columbus, Indiana, the company serves customers through a global network of company-owned and independent distributors and dealers. Cummins plays a significant role in heavy equipment and powertrain markets worldwide with a market cap of $83 billion.

CMI has outpaced the broader market and its industrial peers. The stock has surged 62.7% over the past 52 weeks, easily outpacing the S&P 500 Index’s ($SPX) 11.8% climb. The rally continues in 2026, with CMI up 17.7% on a year-to-date (YTD) basis, outshining the SPX’s marginal decline.