Caterpillar is well-positioned for durable growth, driven by surging demand in data center construction and power infrastructure. CAT is expanding engine and turbine capacity by 3x and 2.5x by 2030, targeting margin-accretive recurring revenue from primary and standby power solutions. I recommend CAT at a Buy rating with a $1,145/share price target, reflecting strong industry tailwinds and robust financial forecasts.
Caterpillar Setting The Pace For Growth In Power And Energy
Source: Seeking Alpha