Jim Cramer is highly enthusiastic about Caterpillar (CAT), highlighting its impressive stock performance with shares up 115% over the past year and 27% year-to-date. He believes Caterpillar is poised to benefit from the data center construction boom, a sentiment echoed by the company’s CEO regarding on-site power generation. Financial analysts like Baird and Jefferies have also raised their price targets for CAT after strong fiscal fourth-quarter earnings.
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Caterpillar (CAT)'s So Amazing Your Eyes Will Burn, Says Jim Cramer
Jim Cramer is highly enthusiastic about Caterpillar (CAT), highlighting its impressive stock performance with shares up 115% over the past year and 27% year-to-date. He believes Caterpillar is poised to benefit from the data center construction boom, a sentiment echoed by the company’s CEO regarding on-site power generation. Financial analysts like Baird and Jefferies have also raised their price targets for CAT after strong fiscal fourth-quarter earnings.