On May 27, 2025, Cummins Inc. (CMI, Financial) received an analyst upgrade from Goldman Sachs, elevating its rating from "Neutral" to "Buy." The upgrade was issued by analyst Jerry Revich, highlighting a positive outlook for the company's stock.
In conjunction with the rating upgrade, Goldman Sachs also increased the price target for Cummins (CMI, Financial) from $410.00 to $431.00. This adjustment represents a 5.12% increase in the target price, reflecting the analyst's improved expectation for the stock's performance.
Cummins Inc. (CMI, Financial), a leading player in the engine manufacturing sector, continues to attract attention from investors following this notable upgrade and price target adjustment. The new "Buy" recommendation from Goldman Sachs comes as a significant vote of confidence in the company's growth potential.
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 $353.03 with a high estimate of $460.00 and a low estimate of $260.00. The average target implies an upside of 8.55% from the current price of $325.22. 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 $297.90, suggesting a downside of 8.4% from the current price of $325.216. 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.
