Cummins (CMI) Stock Forecast & Price Target (2026)
π CMI trades at $532.23, significantly below its 50-day average of $608.16 and 200-day moving average of $602.75.
π The stock's RSI is at 33, indicating neutral-to-bearish technical conditions with potential downward pressure.
π Wall Street consensus remains bullish with 23 analysts rating CMI as 'Buy' and a median price target of $771.00.
π Analysts project strong revenue growth with an estimated 9.00% increase for the next year and a five-year CAGR of 13.98%.
β οΈ Cummins missed EPS estimates for the quarter ending June 2026, reporting $6.73 against an expected $7.17.
πΈ Insiders have sold over $56.8 million worth of CMI stock, significantly outweighing purchases of $332.1 thousand.
Bullish Signals
- Wall Street consensus remains bullish with 23 analysts maintaining a 'Buy' rating and a median price target of $771.00.
- Analysts project strong revenue growth, estimating a 9.00% increase for the next year and a five-year CAGR of 13.98%.
Risk Factors
- The stock trades below its 50-day average of $608.16 and 200-day moving average of $602.75, suggesting continued downward pressure.
- Cummins missed EPS estimates for the quarter ending June 2026, reporting $6.73 against an expected $7.17.
- Insiders have sold over $56.8 million worth of CMI stock, significantly outweighing purchases of $332.1 thousand.
Full Analysis
As of September 19, 2026, Cummins Inc. (CMI) trades at $532.23, which is below its 50-day average of $608.16 and 200-day moving average of $602.75. Technical indicators show a Relative Strength Index (RSI) of 33, suggesting the stock is in neutral-to-bearish territory with potential for continued downward pressure.
Despite the bearish technical setup, Wall Street consensus remains bullish with 23 analysts maintaining a 'Buy' rating and a median price target of $771.00, implying approximately 44.9% upside from current levels. Analysts project strong revenue growth, estimating a 9.00% increase for the next year and a five-year CAGR of 13.98%, indicating positive long-term business prospects.
However, recent financial performance has been mixed as Cummins missed earnings per share (EPS) estimates for the quarter ending June 2026, reporting $6.73 against an expected $7.17. This miss signals potential challenges in meeting future financial expectations. Additionally, insider activity shows a significant disparity between sales and purchases, with insiders selling over $56.8 million worth of stock compared to only $332.1 thousand in purchases, indicating a lack of confidence from management.