CAT is trading at -3.05% now at $628.63, pulling back from recent highs near $648 due to apparent profit-taking after a strong 65% year-to-date run and facing valuation concerns.
- At a P/E of 32.6x, the stock trades above peer averages despite analyst fair value estimates of 41.6x.
- Caterpillar remains in focus for its role supplying engines and turbines for AI-driven data centers.
- The broader market shows mixed signals, with the Dow down 0.49% and the Nasdaq up 0.58%.