Caterpillar stock: Oppenheimer cuts target for Caterpillar stock to USD 1,009

Published on 10/23/2026 at 16:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Results arrive October 29. Caterpillar stock costs EUR 612.00 on October 23, 2026 at 4:31 p.m. CEST, down 1.92 percent versus Xetra.

Oppenheimer cuts target

Oppenheimer cut Caterpillar's target from USD 1,118.00 to USD 1,009.00 on October 14, 2026.
Caterpillar will report third-quarter results on October 29, 2026.
Caterpillar stock costs EUR 612.00 at Lang & Schwarz on October 23, 2026 at 4:31 p.m. CEST, 1.92 percent below the Xetra close of October 22, 2026.

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Oppenheimer cut its Caterpillar price target from USD 1,118.00 to USD 1,009.00 on October 14, 2026, while keeping an Outperform rating, according to MarketBeat. Caterpillar stock was trading at EUR 612.00 at Lang & Schwarz on October 23, 2026 at 4:31 p.m. CEST, down 1.92 percent versus the Xetra close of October 22, 2026 at EUR 624.00.

Analyst target points lower

The target reduction leaves Oppenheimer's stated objective 34.76 percent above the USD 748.74 share price cited in its October 14 report. That comparison uses the same USD currency as the target and reflects the distance reported by MarketBeat. The firm also cited Caterpillar's latest quarterly earnings of USD 8.17 per share and revenue of USD 20.54 billion.

October 29 results date

Caterpillar will release its third-quarter 2026 results before the US market opens on October 29, 2026, at 5:30 a.m. CDT, according to the company's October 15 release linked through Caterpillar. The earnings call is scheduled for 7:30 a.m. CDT that day. MarketBeat's October 22 preview put consensus third-quarter revenue at USD 20.76 billion and earnings at USD 7.04 per share.

Price position in euros

The Lang & Schwarz quote of EUR 612.00 sits 1.92 percent below the EUR 624.00 Xetra close of October 22, 2026. The primary US quote was USD 684.06 at 10:35 a.m. ET on October 23, 2026, with a 52-week range of USD 521.02 to USD 1,073.46. Caterpillar's market capitalization was USD 314.4 billion at that time.

Valuation and peer check

Caterpillar's price-to-earnings ratio was 29.46, compared with 35.30 for Deere and 22.47 for PACCAR in the same market-data snapshot. The contrast places Caterpillar between the two equipment makers on this valuation measure, while its market value remains substantially larger than both peers.

Comparison with peers

Caterpillar: down 1.92 percent, price-to-earnings ratio 29.46, market capitalization USD 314.4 billion.

Deere (NYSE, USD): down 1.37 percent, price-to-earnings ratio 35.30, market capitalization USD 171.2 billion.

PACCAR (Nasdaq, USD): down 2.39 percent, price-to-earnings ratio 22.47, market capitalization USD 56.3 billion.

What matters before results

The October 29 release will put the USD 20.76 billion revenue consensus beside Caterpillar's USD 20.54 billion in the latest reported quarter. The comparison is the clearest near-term test for whether the market's elevated expectations are translating into another earnings surprise.

Stock trades below Xetra close

Caterpillar stock was trading at EUR 612.00 at Lang & Schwarz on October 23, 2026 at 4:31 p.m. CEST, 1.92 percent below the Xetra close of October 22, 2026 at EUR 624.00. The further course of trading is shown by the continuously updated real-time quote of Caterpillar stock.