Wells Fargo cuts target for Cummins stock from USD 874.00 to USD 760.00

Published on 10/16/2026 at 10:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Cummins stock costs EUR 476.35 on October 16, 2026. Second-quarter revenue reached USD 9.46 billion, up 9.40 percent year over year.

Analyst targets and company dates

Wells Fargo cut its Cummins target from USD 874.00 to USD 760.00 on October 8, 2026.
Second-quarter revenue reached USD 9.46 billion, up 9.40 percent year over year.
Cummins stock was trading at EUR 476.35 at 10:44 a.m. CEST at Lang & Schwarz on October 16, 2026.
Third-quarter results are scheduled for November 5, 2026, followed by a USD 2.20 dividend payment on December 3, 2026.

Schwarz-Weiß-Reportagefoto einer Flotte schwerer LKW auf industriellem Außengelände bei Gegenlicht — Cummins Inc. LKW-Flotte US2310211063 – dokumentarisches Schwarzweiß-Bild schwerer Nutzfahrzeuge auf industriellem Außengelände, Illustration mit AI erstellt.

Cummins Inc. (ISIN US2310211063) was trading at EUR 476.35 at Lang & Schwarz on October 16, 2026, at 10:44 a.m. CEST. Wells Fargo cut its price target for Cummins from USD 874.00 to USD 760.00 on October 8, 2026, while keeping an Overweight rating, according to MarketBeat. The target revision puts the latest analyst debate alongside a strong sales performance and a quarterly earnings shortfall.

What does the target cut mean?

The target reduction is part of a wider reset after Cummins reported its second-quarter results. MarketBeat reported that adjusted earnings per share reached USD 6.73 in the quarter, below the USD 7.21 consensus estimate, while revenue came in at USD 9.46 billion against USD 9.33 billion expected.

The comparison is mixed rather than one-sided. Quarterly revenue rose 9.40 percent from the prior-year period, but the earnings-per-share shortfall was USD 0.48. For investors, the central question is whether sales growth can translate into profit growth as Cummins expands power-generation and engine activities.

Revenue growth carries the story

Cummins describes its business as a portfolio spanning engines, generators and power systems, components, and zero-emission products including battery and electric powertrain solutions, according to its corporate website. The second-quarter revenue figure gives that broad portfolio a measurable operating reference.

Analyst targets remain spread across a wide range. MarketBeat reported a consensus target of USD 708.18 and a Moderate Buy consensus, while the Wells Fargo target stands above that average at USD 760.00. The different estimates show why the earnings shortfall and the next quarterly update matter for valuation.

Two dates shape the next steps

Simply Wall St reports that Cummins is scheduled to publish third-quarter 2026 results on November 5, 2026, at 9:30 a.m. Eastern Time. MarketBeat lists December 3, 2026, as the payment date for the company's USD 2.20 quarterly dividend, with November 20, 2026, as the record and ex-dividend date.

Stock quote in euros

The current euro quotation gives German investors a direct trading reference, while the US-dollar targets and results figures provide the company-specific context. Cummins' primary listing is on the NYSE, where its ticker is CMI.

Cummins stock was trading at EUR 476.35 at Lang & Schwarz on October 16, 2026, at 10:44 a.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Cummins stock.