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.

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.

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