Citi Lifts PT on Caterpillar (CAT) Stock

Caterpillar Inc. (NYSE:CAT) is one of the Best Monopoly Stocks to Buy Now. On October 31, Citi lifted the price target on the company’s stock to $670 from $570, while keeping a “Buy” rating, as reported by The Fly. The firm updated Caterpillar Inc. (NYSE:CAT)’s model after the company’s Q3 2025 report in order to reflect increased estimates as well as a higher valuation multiple for its shares.

Citi Lifts PT on Caterpillar (CAT) Stock

Caterpillar Inc. (NYSE:CAT) stated that continued discipline in the dynamic environment, along with an increasing backlog, places the company for sustained momentum and long-term profitable growth.

Caterpillar Inc. (NYSE:CAT)’s sales and revenues for Q3 2025 came in at $17.6 billion, reflecting a rise of 10% YoY. This was mainly because of increased sales volume. The sales volume was mainly supported by the increased sales of equipment to end users.

For the full year, Caterpillar Inc. (NYSE:CAT) remains optimistic regarding its top-line momentum, thanks to healthy demand signals, which include a strong backlog and growth in sales to users.

While we acknowledge the potential of CAT to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CAT and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.