Stocks
Caterpillar Stock Soars on Analyst Upgrades and Strong Quarterly Figures
Caterpillar Inc., a leading manufacturer of construction and mining equipment, saw its stock price surge on September 11, 2026, to around $805.00 per share on the New York Stock Exchange.
The boost was attributed to recent analyst upgrades and strong quarterly figures that showed double-digit revenue and profit growth for the company.
According to The Globe and Mail, Caterpillar reported a quarterly revenue of $20.54 billion for the quarter ending June 30, 2026, compared to $16.57 billion in the same period last year.
The company's net profit also increased by roughly $1.41 billion year-over-year, from $2.18 billion to $3.59 billion, on a revenue rise of about $3.97 billion.