On May 6, 2025, Morgan Stanley's analyst Angel Castillo reaffirmed an "Overweight" rating for Cummins (CMI, Financial), a leading global power technology company. This decision accompanies an upward revision of the stock's price target from $340.00 to $350.00 USD. The new price target indicates a 2.94% increase from the prior estimate, showcasing Morgan Stanley's positive outlook on Cummins' performance.
The decision to maintain the "Overweight" rating suggests that Morgan Stanley continues to see strong growth potential in Cummins (CMI, Financial). The increase in the price target further supports the belief that Cummins is well-positioned to capitalize on future opportunities and navigate sector challenges effectively.
The raised price target and reaffirmed rating provide valuable insight for investors and market analysts monitoring Cummins (CMI, Financial), as it reflects confidence in the company's strategic direction and financial health amid evolving market dynamics.
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 15.96% from the current price of $302.25. 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 0.58% from the current price of $302.245. 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.
