CAT is trading at $590.97 (+3.2%) amid strong momentum near 52-week highs, fueled by robust AI data-center power demand for generators and engines.
- Wolfe Research significantly raised its price target to $670 from $470 while keeping an Outperform rating, boosting investor sentiment.
- The current rally follows CAT's 62% surge in 2025 and is supported by modest broader market gains (Dow up 0.04%).