Cummins Inc. (CMI) shares fell 0.9% to $511.68 as of October 1, 2026, a slight decline from the prior close of $516.57. BestStocks flagged the session as a major change for CMI. The move is tied to company news. Below, we break down what changed for CMI, why it matters for investors, how the stock reacted, and the catalysts on the calendar.
What happened
Company News
Cummins signed multi-year fleet agreement with EquipmentShare to deploy 1 gigawatt of mobile power. Multi-year contract with major construction equipment rental provider diversifies Cummins' customer base and revenue streams.
This summary describes the catalyst and move as first detected on Sep 30, 2026, 4:40 PM EDT; the stock has continued trading since, so the current price and percentage move (shown above) may be larger or smaller than the figures here.
NewsWeak confidence
Rel. volume
0.1×
Below Avg
Vs peers
—
No comparable peers
Market cap
$70.6B
New York Stock Exchange
Analyst target
$778
+52.1% vs price
Price chart
Aug 31 – Oct 1
E earnings
F filing
A analyst
V/N other
click a marker to highlight
Change events — click to jump to details
What it means for Cummins Inc. investors
For Cummins Inc. investors, the recent signals add up to a bearish shift. On the constructive side: Cummins Inc. (CMI) moved +9.86% from $578.90 to $635.96 on 2026-08-04; Cummins Inc. (CMI) moved +3.29% from $639.43 to $660.45 on 2026-07-21. Weighing against that: Material negative event; Negative session, down 0.9%. Wall Street's consensus price target sits at $778.10, implying +52.1% upside from $511.68. BestStocks rates the overall signal quality weak (31/100). With earnings roughly 35 days out, the next report is the most likely near-term test of the move.
CMI price reaction
CMI last traded at $511.68, down $4.89 (-0.95%) from the previous close of $516.57. The session traded on 0.1× average volume (below avg), so participation was unremarkable. Over the past month the stock has ranged between $511.68 and $564.40, and it currently sits about 0% of the way up that band.
Bullish and bearish analyst opinions on Cummins Inc. (CMI)
The consensus analyst price target on Cummins Inc. (CMI) is $778.10, 52.1% above the recent $511.68. Over the past 90 days analysts logged 0 upgrades, 6 maintains, and 0 downgrades. Here is how the bullish and bearish cases on CMI line up.
▲ The bullish case
+Wall Street's consensus price target of $778.10 implies +52.1% upside from $511.68.
+The Street's most bullish target is $894.00 (+74.7%).
+Cummins Inc. (CMI) moved +9.86% from $578.90 to $635.96 on 2026-08-04.
▼ The bearish case
−Material negative event.
−Negative session, down 0.9%.
−Cummins Inc. moved -2.19% intraday from $534.78 to $523.08.
−CMI fell 3.37% to $537.98, driven by a combination of persistent margin pressures from its last earnings report and a broader cyclical pullback in the industrial sector.
−CMI moved -2.67% from $678.24 to $660.14 on 2026-07-07.
Bull vs bear balanceBearish Shift
BearishNeutralBullish
Weighing both sides, BestStocks' composite read of recent signals is bearish, as the bull-versus-bear meter above shows. This is an educational summary of the bull and bear case, not investment advice.
Analyst price targets and ratings are FMP consensus figures as of Oct 1, 2026; other aggregators may differ. High and low targets show the range of estimates, not forecasts.
Cummins Inc. moved -2.19% intraday from $534.78 to $523.08. Why Is Cummins (CMI) Down 15.3% Since Last Earnings ...: Sep 3, 2026 — Shares have lost about 15.3% in that time frame, underperforming the S&P 500. Engine Margin Falls on Higher Costs. We expect an in-line return ...
Material / Earnings2026-09-17-0.7%
Cummins Inc. (CMI) moved -3.56% from $543.21 to $523.88 on September 17, 2026. We checked news, earnings announcements, analyst updates, SEC filings, and corporate actions — no company-specific catalyst was found. The move coincided with CMI reaching a new 30-day low; volume remained near its 5-day average.
CMI fell 3.37% to $537.98, driven by a combination of persistent margin pressures from its last earnings report and a broader cyclical pullback in the industrial sector. The company posted record $9.5B revenue but missed adjusted EPS consensus ($6.94 vs. $7.33 expected), with EBITDA margins contracting to 17.5% from 18.4% year-over-year due to elevated R&D spending, incentive compensation, and freight costs; the stock has declined roughly 15.3% since that miss. Volume of 123,879 shares is running at 0.71x expected pace for this time of day.
Material / Earnings2026-08-28-1.6%
Cummins Inc. (CMI) moved -2.10% from $576.96 to $564.85 on 2026-08-28, reaching a new 30-day low. We checked news, earnings announcements, analyst updates, SEC filings, and corporate actions — no company-specific catalyst was found. Volume remained near its 5-day average, suggesting the move was not driven by unusual trading activity.
Material / Earnings2026-08-24-2.7%
Cummins Inc. (CMI) moved -2.62% from $587.00 to $571.62 on 2026-08-24. We checked news, earnings announcements, analyst updates, SEC filings, and corporate actions — no company-specific catalyst was found. The move coincides with CMI reaching a new 30-day low.
Material / Earnings2026-08-21-0.9%
Cummins Inc. (CMI) moved -2.01% from $599.71 to $587.68 on 2026-08-21, reaching a new 30-day low. We checked news, earnings announcements, analyst updates, SEC filings, and corporate actions — no company-specific catalyst was found. Volume remained near its 5-day average at 1.2x, indicating the move occurred without unusual trading activity.
Activity2026-08-04-2.0%
Cummins Inc. (CMI) moved +9.86% from $578.90 to $635.96 on 2026-08-04. We checked news, earnings, analyst updates, SEC filings, and corporate actions — no company-specific catalyst was found. Volume was 2.1x the 5-day average, indicating elevated institutional or retail interest.
Filings2026-08-04-2.0%
Cummins Inc. (CMI) filed a new 8-K on August 4, 2026. The audit does not specify the content of the filing.
Upcoming catalysts & outlook
Next earnings
2026-11-05 (est.)
in 35 days
Earnings Release
2026-11-05
High impact
Thesis shift
Bearish Shift
bearish signal
Risk level
High
from change events
Frequently asked questions about CMI
Why did Cummins Inc. (CMI) stock move?
CMI fell 0.9% to $511.68. The move coincided with the context summarized above, though no single company-specific catalyst was independently confirmed.
How much did CMI stock fall?
CMI lost 0.95% ($4.89) versus the prior close of $516.57, last trading at $511.68 on 0.1× average volume.
When is Cummins Inc.'s next earnings date?
CMI's next earnings report is estimated for 2026-11-05 — about 35 days away.
What is the analyst price target for CMI?
The consensus analyst price target for CMI is $778.10, about 52.1% above the current $511.68. Over the past 90 days, analysts recorded 0 upgrades, 6 maintains, and 0 downgrades.
How BestStocks tracks CMI
This page is generated automatically by BestStocks' change-detection system after company news was detected and verified against independent data sources. It draws on 20 tracked change events for CMI, cross-checked against the data sources listed below. Price, volume, and market-capitalization figures are the live intraday quote as of October 1, 2026 and refresh as new information is detected; for companies with multiple share classes, market-cap figures can differ by data source. Analyst price targets and ratings are FMP consensus. This is an educational summary of what changed and why — not personalized investment advice.
