Caterpillar stock pauses after a record high and $300 billion tease — what’s next for CAT shares
Caterpillar shares edged down 0.04% to $636.29 Wednesday, pausing after a record high the previous day. Citi raised its price target to $710, citing surging data-center sales. Investors are watching the Jan. 20 ex-dividend date and whether the AI-driven backlog holds. Caterpillar’s Energy & Transportation division reported $28 billion in 2024 revenue.