BUZZ-Street View: Caterpillar finds new fuel in data centers

Reuters
10/30
BUZZ-Street View: Caterpillar finds new fuel in data centers

** Caterpillar CAT.N topped third-quarter profit and revenue estimates on Wednesday as a boom in AI technologies drove demand for its energy equipment

** Median PT of 28 brokerages covering the stock is $530.5 - data compiled by LSEG

POWER GENERATION STRENGTH IN FOCUS

** J.P.Morgan ("overweight", PT: $730) expects strength across all three primary segments to support an improved revenue outlook for FY 2025

** "The data center math is coming to fruition," says J.P.Morgan

** Daiwa Capital Markets ("neutral", PT: $595) expects Caterpillar to offset tariffs through price increases

** Truist Securities ("buy", PT: $729) sees extended visibility for CAT in power generation, boosted by a growing pipeline of long-term data-center-related demand

** RBC Capital Markets ("sector perform", PT: $587) says going into 2026, the company's record $39.8 billion backlog positions it well

(Reporting by Kanchana Chakravarty in Bengaluru)

((Kanchana.Chakravarty@thomsonreuters.com))

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