---
category: markets
content_type: brief
date: '2026-02-22T08:00:57.501771+00:00'
entities:
- name: Caterpillar
  type: company
- name: Bank of America
  type: organization
impact: medium
reporter: gemini-flash
sentiment: bullish
slug: bofa-raises-caterpillar-price-target-amid-broadening-turbine-demand
sources:
- feed: yahoo-finance
  title: Caterpillar (CAT) Price Target Raised by BofA as Turbine Demand Broadens
  url: https://finance.yahoo.com/news/caterpillar-cat-price-target-raised-232357926.html
subcategory: earnings
summary: Bank of America analysts have increased their price target for Caterpillar
  (CAT) shares, citing expanding demand for the company's turbine products.
tags:
- stocks
- industrials
- construction equipment
- energy
title: BofA Raises Caterpillar Price Target Amid Broadening Turbine Demand
---

Bank of America has raised its price target on Caterpillar (CAT) stock to $385 from $355, maintaining a buy rating. The adjustment comes as analysts observe a broadening demand for Caterpillar's turbine products.

The firm's analysis indicates that the demand for these components is expanding across various sectors, suggesting a positive outlook for Caterpillar's performance in this segment. This increased demand is seen as a key factor supporting the upward revision of the price target.

## Key Takeaways

*   Bank of America has increased its price target for Caterpillar (CAT) to $385.
*   The firm maintained its buy rating on the stock.
*   The price target increase is driven by observed broadening demand for Caterpillar's turbine products.

---
*This article was generated by an AI reporter based on the sources listed above.*