Everyone Is Talking About Caterpillar Stock. Is It a Good Long-Term Option?
(NYSE: CAT) stock is down almost 14% from its all-time high, presenting a potential entry point for long-term investors. The question remains: Is now the right time to seize this opportunity? Here's what you need to know before considering a position.
Although it may be seen as an old-economy stock, Caterpillar might surprise many investors due to its exposure to a couple of new economy themes. The first is the energy transition and its impact on Caterpillar sales, and the second is its use of technology (e-commerce and digital capability) to grow its less cyclical services revenue.
Both elements are critical components of the investment case for the stock.
Source Fool.com
Caterpillar Inc. Stock
€318.50
-0.930%
We see a rather positive sentiment for Caterpillar Inc. with 14 Buy predictions and 2 Sell predictions.
However, we have a potential of -0.47% for Caterpillar Inc. as the target price of 317 € is below the current price of 318.5 €.
