New York, Feb 27, 2026, 05:41 ET — Premarket
- Caterpillar jumped roughly 2% before the bell, lifted by a Wall Street analyst’s price-target increase.
- The stock slipped 1.8% on Thursday, weighing on the Dow during the session.
- Caterpillar execs are set to appear at CONEXPO on March 5, and investors are watching closely.
Caterpillar stock climbed roughly 2% ahead of the open on Friday, bouncing back after losing ground in the previous session.
Caterpillar now stands at the intersection of two themes: traditional heavy machinery—and the fresh play on soaring power demand from data centers. As daily volatility picks up, analysts keep ratcheting up their price targets.
CAT finished Thursday’s session at $752.93, off 1.78%. Shares shifted between $728.40 and $770.61 over the day, session data showed.
Caterpillar shares weighed heavily on the Dow Thursday, ranking among the index’s largest point laggards, with NVIDIA also pulling the benchmark lower, according to a MarketWatch analysis.
Jerry Revich at Wells Fargo bumped up his price target on Caterpillar, now at $870, up from his previous $756 call, and stuck with his Overweight rating, according to StreetInsider.
Revich’s note highlighted U.S. non-residential construction, with Barron’s citing his mention of “an acceleration in power and data center” projects. Barron’s
The spotlight has stayed on Caterpillar’s Power and Energy segment after the company posted fourth-quarter sales of $19.1 billion, up 18% from a year earlier in late January.
Broader markets have their eyes on next week’s U.S. jobs report, with the rate outlook hanging in the balance, according to a Reuters “Take Five” note. Manufacturing numbers also land at the week’s open. Reuters Scotiabank
There’s a snag: Caterpillar flagged that tariff-related expenses might reach $2.6 billion in 2026. Jefferies analyst Stephen Volkmann noted, “better-than-expected sales across business segments were hindered by tariff headwinds, limiting the margin expansion for the quarter.” Reuters
Looking ahead for Caterpillar, the company pointed to March 5 as the next key date: CEO Joe Creed and Rod Shurman, who heads up Construction Industries, are set to join Jefferies’ Volkmann for a CONEXPO fireside chat.
