Cummins Inc.

(New York Stock Exchange)
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Slightly Bearish -15

Cummins stock: Barclays cuts target from USD 760 to USD 675

Analyst downgrade AI-generated analysis

πŸ“‰ Barclays cut its price target for Cummins from USD 760.00 to USD 675.00 on October 16, 2026.

πŸ’° Second-quarter revenue reached USD 9.46 billion, up 9.40% year over year.

πŸ“Š Earnings per share of USD 6.73 missed the USD 7.21 consensus estimate in Q2.

βœ… Revenue exceeded analyst estimates at USD 9.33 billion during the second quarter.

πŸ† Barclays maintained an overweight rating despite reducing its valuation target.

πŸ“… Cummins is scheduled to report third-quarter results on November 5, 2026.

πŸ’Ά The stock traded at EUR 463.00 at Lang & Schwarz on October 20, 2026.

🏒 Market capitalization stands at USD 72.4 billion as of October 19, 2026.

πŸ“ˆ The NYSE price was USD 522.62 at 9:56 a.m. ET on October 20, 2026.

βš™οΈ Cummins operates across engines, distribution, components, power systems, and New Power segments.

Bullish Signals
  • Second-quarter revenue reached USD 9.46 billion, exceeding the USD 9.33 billion analyst estimate with a 9.40% year-over-year increase.
  • Barclays maintained an overweight rating on Cummins despite cutting its price target, indicating continued confidence in the company's long-term prospects.
Risk Factors
  • Second-quarter earnings per share of USD 6.73 missed the USD 7.21 consensus estimate.
  • Barclays reduced its price target from USD 760.00 to USD 675.00 following the quarterly results.
Full Analysis
Cummins Inc. reported second-quarter revenue of USD 9.46 billion, representing a 9.40% year-over-year increase. However, the company missed earnings per share estimates, posting USD 6.73 compared to the consensus expectation of USD 7.21, though revenue did exceed analyst projections at USD 9.33 billion. Following the quarterly results, Barclays reduced its price target for Cummins from USD 760.00 to USD 675.00 on October 16, 2026. Despite this valuation downgrade, Barclays maintained an overweight rating on the stock. The new target remains approximately 29.16% above the NYSE price of USD 522.62 recorded on October 20, 2026. Cummins is scheduled to release its third-quarter results on November 5, 2026, providing investors with a key data point to assess whether the recent revenue growth trajectory continues. The company operates across engines, distribution, components, power systems, and New Power segments, focusing on diesel, natural gas, and lower-emission solutions. The stock is currently trading at EUR 463.00 at Lang & Schwarz and has a market capitalization of USD 72.4 billion as of October 19, 2026. The company's primary listing is on the NYSE, where it trades within a 52-week range of USD 407.57 to USD 737.76.