Cummins Inc. (NYSE: CMI) is an industrial stock, not an ETF — a Columbus, Indiana-based maker of diesel and alternative-fuel engines, power systems, components, and distribution services across five segments: Engine, Distribution, Components, Power Systems, and Accelera (its zero-emissions unit).
A review of 22 current analyst price targets produces a wide range from roughly $530 on the low end to $890 on the high end. The arithmetic mean of these targets is approximately $709, which rounds to a central target of $710. The consensus rating skews bullish, with the majority of analysts at Buy or Strong Buy and a meaningful minority at Hold.
Views differ sharply. Higher targets — including Truist's $779 (October 5), UBS's $741 (September 30), Raymond James's $745, and Evercore ISI's $845 — lean on Cummins' growing exposure to backup and prime power generation for data centers. More cautious targets — Wells Fargo's $608 (October 26), Bernstein's $557 (October 19), J.P. Morgan's $600, and Citi's $630 (October 12) — emphasize a challenging North American truck and on-highway cycle. Notably, several firms cut targets through late 2026 as the stock retreated from its 52-week high.
Cummins closed at $500.09 on October 30, 2026, and has traded in a 52-week range of roughly $426.79 to $737.76. Reaching $710 would require a gain of about 42% from that close — a large move by any measure. The stock is well below its mid-2026 peak, having pulled back more than 30%, which is why even a return toward its former highs would imply substantial upside.
Fundamentally, Cummins generated about $34.7 billion in trailing revenue and roughly $2.7 billion in net income, with trailing earnings per share (EPS) near $19.57. Its trailing price-to-earnings (P/E) ratio is around 25.6, but the forward P/E is near 15, reflecting Street expectations that EPS could rise meaningfully over the next two years. That earnings acceleration — if realized — is the core of the path toward $710.
On the chart, the $737.76 52-week high now acts as major overhead resistance, while the $426.79 low provides longer-term support. Between them, the $500 round-number level has become a psychological support zone as the stock consolidates after a steep pullback. A cluster of recently reduced targets sits near $557 to $630, which may form an intermediate resistance band on any recovery, while the prior high near $737 remains the key level the stock would need to reclaim on the way toward $710.
Analyst price targets typically reflect a research horizon of around 12 months, though individual firms vary. The most important near-term catalyst is Cummins' next earnings report, scheduled for November 5, 2026, which will clarify guidance on revenue, margins, and data-center order activity. Investors should also monitor analyst target revisions, North American truck order data, data-center project announcements, interest-rate decisions that affect industrial capex, and any updates on the Accelera zero-emissions business.
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The $710 central target reflects the arithmetic mean of 22 current analyst price targets, a figure well above the stock's roughly $500 level and requiring about a 42% advance. Support rests on Cummins' exposure to data-center power demand and expected EPS acceleration, while the principal obstacles are a soft truck cycle, a recent series of target reductions, and valuation risk after a steep pullback from the 52-week high. The unusually wide $530-to-$890 range underscores genuine disagreement about how quickly Cummins can convert its secular power-generation opportunity into earnings. Reaching $710 is plausible only if the data-center thesis materializes faster than the truck-cycle weakness fades. No outcome is guaranteed.
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A.I.dvisor indicates that over the last year, CMI has been closely correlated with ETN. These tickers have moved in lockstep 72% of the time. This A.I.-generated data suggests there is a high statistical probability that if CMI jumps, then ETN could also see price increases.
| Ticker / NAME | Correlation To CMI | 1D Price Change % |
|---|---|---|
| CMI | 100% | +0.10% |
| CMI (4 stocks) | 75% Closely correlated | +1.32% |
| Producer Manufacturing (348 stocks) | -1% Poorly correlated | +1.00% |