While Cummins shares have slipped 17% in the last quarter, the industrial giant maintains a 40.5% gain over the past year, outperforming peers like ITW and holding a bullish 37% price target upside.
CMI has underperformed the Nasdaq in the short term but outperformed over 52 weeks, with analysts projecting 37.2% upside.
Nasdaq Composite used as benchmark for comparison; CMI underperformed it over 3 months but outperformed over 52 weeks.
ITW mentioned as a peer that lagged CMI's performance over the past 52 weeks.
Cummins Inc. (CMI) shares have retreated 24.8% from their June high, underperforming the Nasdaq Composite over the last three months. Despite recent volatility and mixed Q2 earnings, analysts maintain a Moderate Buy rating with a 37.2% upside potential as data center demand bolsters the company's long-term power generation outlook.
While Cummins has underperformed the Nasdaq Composite over the last three months, it has significantly outperformed the index over the past 52 weeks with a 40.5% return.
Analysts hold a Moderate Buy consensus rating on Cummins, citing strong long-term growth potential in power generation despite recent earnings volatility.