Daiwa Capital Markets lowered Caterpillar's target price from $900 to $690, J.P. Morgan Chase lowered Caterpillar's target price from $1,100 to $1,000, and Jefferies lowered Caterpillar's target price from $1,045 to $785. Caterpillar said that generator orders favored by AI data center developers have been scheduled for 2030, but the company's stock price was still falling on Thursday. The stock closed with a sharp drop of more than 9% to $647.39. The construction and mining equipment maker's third-quarter sales fell slightly short of expectations, but profits surpassed analysts' estimates. Investors are increasingly concerned about the company's exposure to the hot data center industry. The rapid increase in data center projects is attracting increasing opposition from the public and some government officials; some government officials are calling for a moratorium on construction of such projects. Driven by strong generator sales for AI data centers, Caterpillar's stock price has accumulated a cumulative increase of nearly 26% since the beginning of the year.

Daiwa Capital Markets lowered Caterpillar's target price from $900 to $690, J.P. Morgan Chase lowered Caterpillar's target price from $1,100 to $1,000, and Jefferies lowered Caterpillar's target price from $1,045 to $785. Caterpillar said that generator orders favored by AI data center developers have been scheduled for 2030, but the company's stock price was still falling on Thursday. The stock closed with a sharp drop of more than 9% to $647.39. The construction and mining equipment maker's third-quarter sales fell slightly short of expectations, but profits surpassed analysts' estimates. Investors are increasingly concerned about the company's exposure to the hot data center industry. The rapid increase in data center projects is attracting increasing opposition from the public and some government officials; some government officials are calling for a moratorium on construction of such projects. Driven by strong generator sales for AI data centers, Caterpillar's stock price has accumulated a cumulative increase of nearly 26% since the beginning of the year.