Wall Street Zen upgrades Caterpillar stock to Buy

Published on 10/13/2026 at 12:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Adjusted profit per share was USD 8.17 in quarter two. Caterpillar stock trades EUR 712.00 on October 13, 2026, 1.71 percent below Xetra EUR 724.40.

Wall Street Zen upgraded Caterpillar stock from Hold to Buy in a research note reported October 10, 2026.
Caterpillar reported USD 20.50 billion in second-quarter 2026 sales and adjusted profit per share of USD 8.17.
The EUR 712.00 Lang & Schwarz price was 1.71 percent below the EUR 724.40 Xetra close of October 12, 2026.
Caterpillar expects mid to high teens sales and revenues growth for fiscal 2026.

Flatlay mit Aktienzertifikat, ISIN-Karte, Baggermodell, Helm und Bauplan — Flatlay-Arrangement zu Caterpillar Inc. (ISIN US1491231015) mit Aktienzertifikat, ISIN-Karte, Baggermodell und Bauhelm, Illustration mit AI erstellt.

Caterpillar (ISIN US1491231015) was trading at EUR 712.00 at Lang & Schwarz on October 13, 2026 at 12:13 p.m. CEST, down 1.71 percent versus the Xetra close of October 12, 2026 at EUR 724.40. MarketBeat reported on October 10, 2026 that Wall Street Zen upgraded Caterpillar from Hold to Buy.

Three dated catalysts

On August 4, 2026, Caterpillar reported second-quarter sales and revenues of USD 20.50 billion, up 24.00 percent from the prior year, according to the Yahoo Finance transcript. Adjusted profit per share reached USD 8.17, up 73.00 percent, while adjusted operating profit margin rose to 21.90 percent.

On September 29, 2026, Caterpillar entered an agreement to acquire John Fabick Tractor Co., a long-standing Cat dealer, according to Finanzen. The deal adds dealer reach to a business already supported by three primary operating segments and financial products.

On October 10, 2026, the Wall Street Zen upgrade supplied the latest dated event. The same MarketBeat report cited 15 Buy ratings, 12 Holds and a consensus target of USD 989.17.

What supports the valuation?

Caterpillar's second-quarter backlog grew sequentially by USD 9.00 billion to USD 72.00 billion, according to the Yahoo Finance transcript. The company said 59.00 percent of that backlog was expected to ship within 12 months, giving the revenue outlook a concrete demand cushion.

Management raised its fiscal 2026 sales and revenues outlook to mid to high teens growth. Adjusted operating profit margin was 21.90 percent in the second quarter, but the transcript also recorded USD 392.00 million of IEEPA tariff recoveries and USD 400.00 million of tariff costs, showing why margin quality matters alongside demand.

October results set the next test

XTB reported on October 7, 2026 that Caterpillar was expected to publish third-quarter results on October 29, 2026 after the U.S. market close. That date matters because the stock's current EUR 712.00 reference price sits EUR 12.40, or 1.71 percent, below the latest Xetra close.

Caterpillar is valued at USD 368.20 billion based on the October 12, 2026 finance quote, while its 52-week range was USD 499.01 to USD 1,073.46. The combination of a USD 72.00 billion backlog and mid to high teens fiscal 2026 sales growth places execution against elevated expectations at the center of the next results.

Price and trading context

Caterpillar was trading at EUR 712.00 at Lang & Schwarz on October 13, 2026 at 12:13 p.m. CEST, 1.71 percent below the Xetra close of October 12, 2026 at EUR 724.40. The further course of trading is shown by the continuously updated real-time quote of Caterpillar stock.