We recently published 10 Stocks Jim Cramer Talked About. Caterpillar Inc. (NYSE:CAT) is one of the stocks Jim Cramer talked about. Agricultural, construction, and power generation machinery manufacturer Caterpillar Inc. (NYSE:CAT) has started to frequently appear on Jim Cramer’s radar. The firm’s shares are up by 117% over the past year and by 24% year-to-date. Cramer has been optimistic about the company for more than a year due to tailwinds from data center construction and power demand. More recently, he has started to explain that Caterpillar Inc. (NYSE:CAT)’s power generation equipment is in demand from hedge funds when it comes to building data centers in remote areas. The firm also confirmed the acquisition of RPMGlobal Holdings on February 17th to bring a mining software under its portfolio and bolster its equipment. Bank of America discussed Caterpillar Inc. (NYSE:CAT)’s shares in February as it raised the share price target to $825 from $735 and kept a Buy rating on the shares. BofA’s optimism was based on turbine demand and indications of no overcapacity in the market. Cramer also discussed power generation when he mentioned Caterpillar Inc. (NYSE:CAT):Caterpillar (CAT)'s Growth is Remarkable, Says Jim Cramer “Caterpillar’s directive is to buy engines, that can produce two megawatts, thousand engines produce two megawatts in West Virginia. I mean look, you gotta focus on Caterpillar. That stock doesn’t double just. . . While we acknowledge the potential of CAT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. Follow Insider Monkey on Google News. View Comments
Caterpillar (CAT)’s Growth is Remarkable, Says Jim Cramer
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