Cmi stock price forecast a blend of cyclical manufacturing

A blend of cyclical manufacturing strength and alternative fuel ventures fuels this modest yet reliable outlook. Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system. According to the research reports of 17 Wall Street equities research analysts, the average twelve-month stock price forecast for Cummins is $393.57, with a high forecast of $500.00 and a low forecast of $240.00. Momentum-based CMI stock price forecast favors bullish sentiment as 50-day SMA trends upward. If trading volumes continue above average, price targets of $260–$270 become plausible within a multi-week timeframe.