Zacks Research increased Caterpillar's full-year 2026 EPS estimate to $24.18 from $24.09. The firm also set higher expectations through FY2028. This revision reflects broader positive analyst sentiment.
Caterpillar's stock benefits from strong demand for its power generation equipment. This equipment is critical for building AI-driven data centers.
Caterpillar's strong first-quarter performance supports this positive outlook. The company surpassed earnings and revenue expectations. Analysts identify the growing power needs of data centers as a significant growth catalyst. Analysts maintain a "Moderate Buy" consensus rating for Caterpillar stock.