Jim Cramer Discusses Caterpillar (CAT) & Data Centers

Published on May 8, 2026 at 8:24 am by Ramish Cheema in News

We recently published Jim Cramer Said Sandisk Stock Performance is Befuddling & Discussed These 17 Stocks. Caterpillar Inc. (NYSE:CAT) is one of the stocks discussed by Jim Cramer.

Industrial equipment manufacturer Caterpillar Inc. (NYSE:CAT) is a stock that frequently surfaces on Jim Cramer’s radar. Its shares are. up by 187% over the past year and by 53% year-to-date. Bank of America discussed Caterpillar Inc. (NYSE:CAT)’s shares on April 24th. It raised the share price target from $825 to $930 and kept a Buy rating on the stock. BofA remarked that the company was experiencing tailwinds from the data center industry, which were affecting its Power & Energy business. The bank’s coverage came after Freedom Broker bumped Caterpillar Inc. (NYSE:CAT)’s price target to $710 from $700 and kept a Hold rating as it remarked that the firm’s environment could be more favorable than what the market believes. Caterpillar Inc. (NYSE:CAT) reported its first-quarter earnings at April-end. Its $17.42 billion in revenue and $5.54 in adjusted profit per share beat analyst estimates of $16.61 billion and $4.25. Cramer briefly commented on Caterpillar Inc. (NYSE:CAT)’s earnings report:

“Look at Caterpillar. That was one of the greatest, if not the greatest quarters that Caterpillar’s ever had. And a lot of it has to do with the data center!”