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
€655.40
0.250%
Currently there is a rather positive sentiment for Caterpillar Inc. with 53 Buy predictions and 5 Sell predictions.
On the other hand, the target price of 648 € is below the current price of 655.4 € for Caterpillar Inc., so the potential is actually -1.13%.
