Citi Raises Cummins' Price Target

Cummins Inc. (NYSE:CMI) is among the 11 Best Hydrogen Stocks to Invest in Now. Citi reiterated its Buy recommendation on August 6 and increased its price objective for Cummins Inc. (NYSE:CMI) from $380 to $425. Citi raised projections and highlighted the stock’s present price as appealing to investors in response to the company’s Q2 results, which preceded the increase.

Cummins Inc. (NYSE:CMI) reported a 2% drop in revenue during the second quarter but an excellent 18% increase in EBITDA. The company’s data center solutions displayed exceptional success, which helped to overcome a worsening forecast for its core truck business. Tariff consequences appear to be minor for the time being.

The firm has decades of experience and industry leadership in diesel engines, particularly for medium- and heavy-duty trucks. The business has expanded its skills in additional heavy vehicle components throughout time, including drivetrains, brakes, and emissions systems. Cummins Inc. (NYSE:CMI) produces engines and generators for a range of industries, and the quickly growing data center market is driving up demand for its products. It is among the Best Hydrogen Stocks.

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