Is Caterpillar Stock a Buy After Recent Bump?
(NYSE: CAT) stock has been on a strong run recently, up almost 32% year to date. The move reflects solid underlying demand, optimism over long-term infrastructure spending, and the company's surprisingly strong exposure to the artificial intelligence/data center investing theme.
Is all this enough to make the stock a buy at current levels? Here's the lowdown.
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Source Fool.com
Caterpillar Inc. Stock
€652.80
-3.180%
Currently there is a rather positive sentiment for Caterpillar Inc. with 53 Buy predictions and 5 Sell predictions.
With a target price of 661 € there is a slightly positive potential of 1.26% for Caterpillar Inc. compared to the current price of 652.8 €.
