On May 6, 2025, Cummins Inc. (CMI, Financial) received an updated stock price target from JP Morgan. The financial services firm, represented by analyst Tami Zakaria, has adjusted its price target for CMI from $308.00 to $320.00 USD. This change reflects a 3.90% increase from the prior target.
Despite the raised price target, JP Morgan maintains its "Neutral" rating for the stock. The consistency in the rating suggests that while the price target has been increased, the overall outlook for Cummins (CMI, Financial) remains stable according to JP Morgan's analysis.
This update is a significant indicator for investors keeping an eye on Cummins (CMI, Financial), as adjustments in price targets often reflect the latest evaluations of a company's performance and future prospects.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 16 analysts, the average target price for Cummins Inc (CMI, Financial) is $350.47 with a high estimate of $460.00 and a low estimate of $240.00. The average target implies an upside of 15.99% from the current price of $302.17. More detailed estimate data can be found on the Cummins Inc (CMI) Forecast page.
Based on the consensus recommendation from 24 brokerage firms, Cummins Inc's (CMI, Financial) average brokerage recommendation is currently 2.5, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Cummins Inc (CMI, Financial) in one year is $304.00, suggesting a upside of 0.61% from the current price of $302.165. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Cummins Inc (CMI) Summary page.
