In recent news,
Cummins Inc. (CMI) has seen considerable activity. Analysts are favorably upgrading their market valuations of the company due to its growing exposure in the
Data Center Power sector. Significant transactions are being reported, with several entities acquiring multiple shares of CMI. Broadcast personality,
Jim Cramer, recommends competitor Deere over
Cummins, yet
Cummins' stock has still managed to gain 60%.
Third quarter results have been strong, making a positive impact on the stock.
Barclays has upgraded
Cummins and raised the price target causing a surge in stock prices; likewise, a new $653.00 price target has been set by
Truist Financial.
Cummins has reported strong Q3 earnings and revenue estimates beating the previously set figures. The company is also seen as attractive for the
Data Centers. The robustness of Q2 results and major deals, such as the
$500 Million U.S. Army Deal, have caused an analysis of the valuation. Potential setbacks include pausing on the buybacks, which could indicate shifts in capital allocation priorities.
Cummins CMI News Analytics from Tue, 04 Feb 2025 08:00:00 GMT to Sat, 20 Dec 2025 19:25:27 GMT -
Rating 8
- Innovation 6
- Rumor -3
