Caterpillar Trades Above $800. Here's Why It Could Be a $1,000 Stock by 2028.

Caterpillar stock, currently trading around $845, could reach $1,000 by 2028 due to three key drivers: surging demand for power generation equipment from AI data centers, a strategic shift toward high-margin services revenue (targeting $30 billion by 2030), and sustained demand from infrastructure and mining sectors. The company reported record Q2 revenue of $20.5 billion with a 20.9% operating margin and 68% EPS growth, while maintaining a 32-year dividend increase streak.