Caterpillar (CAT) Stock Today: Latest News, Analyst Forecasts, and 2026 Outlook as AI Power Demand Meets Tariffs and Legal Risk
Caterpillar shares traded near $576 on Dec. 20, 2025, after a 4.6% single-day drop earlier in the week, its worst five-day stretch since April. The stock has surged in 2025 on record backlog and rising demand for power equipment from data centers, but faces pressure from tariffs, valuation concerns, and legal issues. The company maintained its $1.51 quarterly dividend and reported Q3 sales up 10% to $17.6 billion.