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($DOWI), which reflects its strong positioning within heavy machinery and equipment manufacturing.2 Dividend Kings Quietly Beating the Market This YearThis Dividend Stock Just Scored an FDA Win. Should You Buy Shares Now?Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else.At the time of writing, Caterpillar stock is up nearly 60% versus the start of this year.www.barchart.comCiti analysts expect continued momentum in the construction and mining sector to drive CAT stock higher over the next 12 months.According to them, the company’s impressive $40 billion backlog in power generation applications is a major competitive strength, one that could push its share price up further to $690 next year.Plus, the recent team up with Vertiv (VRT) on developing energy-optimization solutions for data centers positions Caterpillar to capitalize on the growing digital infrastructure demand, they added.Historically, the industrial stock pops some 1.53% on average in January, which makes it somewhat more attractive to own heading into 2026.Caterpillar shares are worth owning for the long-term also because the heavy machinery landscape is experiencing significant transformation driven by the artificial intelligence (AI) buildout.Why? Because it requires extensive construction of data centers, power facilities, and supporting infrastructure across multiple sectors.This AI-enabled diversification signals additional revenue streams and massive potential for CAT to grow in high-margin applications.Beyond strong financials (with free cash flow exceeding $3 billion in the third quarter), the NYSE-listed behemoth remains appealing because of its dividend aristocrat status as well.Note that Caterpillar currently has its 100-day relative strength index set at 59 only, signaling the upward momentum will likely sustain in early 2026.Wall Street more broadly sees CAT shares as positioned for continued rally in 2026 as well.According to Barchart, the consensus rating on Caterpillar stock remains at “Moderate Buy” with the mean target of about $604 indicating potential upside of another 4% from here.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,932.05 +22.26 (+0.32%)Dow 3048,731.16 +288.75 (+0.60%)Nasdaq23,613.31 +51.46 (+0.22%)Russell 20002,548.08 +6.96 (+0.27%)VIX13.47 0.00 (0.00%)Gold4,525.60 +22.80 (+0.51%)Trending tickersBTC-USD Bitcoin USD 87,198.79 -367.63 (-0.42%)ETH-USD Ethereum USD 2,904.34 -37.50 (-1.27%)XRP-USD XRP USD 1.83 -0.03 (-1.49%)ORCL Oracle Corporation 197.49 +2.15 (+1.10%)SOL-USD Solana USD 119.98 -2.39 (-1.95%)PortfolioSign in to access your portfolioSign inTop gainersEWTX Edgewise Therapeutics, Inc. 27.29 +5.55 (+25.50%)PSNYW Polestar Automotive Holding UK PLC 7.40 +1.00 (+15.63%)TVTX Travere Therapeutics, Inc. 40.28 +4.92 (+13.91%)PSNY Polestar Automotive Holding UK PLC 17.18 +2.05 (+13.55%)PATH UiPath Inc. 17.16 +1.20 (+7.52%)Top losersASTS AST SpaceMobile, Inc. 78.05 -7.62 (-8.89%)HYMC Hycroft Mining Holding Corporation 24.96 -2.18 (-8.03%)QBTS D-Wave Quantum Inc. 27.52 -1.60 (-5.49%)BETA BETA Technologies, Inc. 30.12 -1.50 (-4.74%)PPTA Perpetua Resources Corp. 26.58 -1.12 (-4.04%)Most activeNVDA NVIDIA Corporation 188.61 -0.60 (-0.32%)PLUG Plug Power Inc. 2.1000 +0.0500 (+2.44%)TSLA Tesla, Inc. 485.40 -0.16 (-0.03%)INTC Intel Corporation 36.16 -0.19 (-0.52%)NKE NIKE, Inc. 60.00 +2.66 (+4.64%)Top economic eventsEarnings eventsMy earnings eventsEarnings events