Caterpillar Stock Surges: Analysts Boost Outlook
Update: 2025-10-08
Description
Caterpillar stock surged nearly 4% after major firms like Truist and Jefferies raised price targets, citing strong profit margins and a $35 billion backlog fueled by booming sectors like data centers. The jump, a significant move for the typically stable stock, was further boosted by broader market optimism following the Federal Reserve's interest rate cut. Long-term investors are reaping rewards, with the stock up over 40% this year and a five-year return tripling initial investments. Is there still room for CAT to climb higher?
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