Street View: Bulls stay aboard as CAT's growth engine gains steam
BUZZ-Street View: Bulls stay aboard as CAT's growth engine gains steam ** Caterpillar CAT.N lifted its annual revenue growth outlook on Tuesday after beating second-quarter profit expectations, driven by AI data center-related demand for its power-generation and construction equipment
** Median PT of 30 brokerages covering the stock is $950.95 - data compiled by LSEG
POWER GENERATION KEEPS CAT CHARGED UP
** Citigroup ("buy," PT: $1100) sees co benefiting from sustained strength in mining, construction, services and AI-related power demand
** Bernstein ("market-perform," PT: $1002) says co's "power engine keeps humming," noting that demand for power generation remains capacity constrained as AI data-center buildouts continue
** BofA Global Research ("buy," PT: $989) says "CAT is in attack mode," pointing to market-share gains in construction and mining, expanding power generation capacity and strong pricing power that has helped offset inflationary pressures
** J.P.Morgan (PT: $1100) says co's strong backlog growth and widening demand for power-generation equipment suggest margins could land near the high end of the company's target range, while AI data center-related orders are extending visibility into 2029 and 2030
(Reporting by Rashika Singh in Bengaluru)