🎁$CAT Jumped to Record High with Highest Volume in a Year, What's the Target

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1. $Caterpillar(CAT)$ Gaped to Record High by Earnings Beats

2. What Drives $Caterpillar(CAT)$ ‘s Prices Higher

• CAT helped lead the Dow higher after the maker of construction and mining equipment reported double-digit growth in each of its segments, With Caterpillar trading at $288, it’s one of the more expensive stocks in the index.

• Caterpillar’s adjusted profit of $5.55 a share topped the $4.54 average estimate of analysts polled by Bloomberg, helped by successful price hikes to customers of its machinery, along with surging sales.

• Caterpillar expects this demand to remain strong. Elevated U.S. spending on infrastructure, in part brought by the $1 trillion bipartisan infrastructure bill, has boosted sales of Caterpillar’s construction equipment.

• The average price target from Tiprank is $266.40 with a high forecast of $283.00 and a low forecast of $234.00. The average price target represents a -7.71% change from the last price of $288.65.

3.More Discussion on $Caterpillar(CAT)$ ’s Future Trend and Target price

Kess from Twitter: What an insane move made today gaping over $266 and going full throttle no breaks closing the day at the highs. Almost a +9% move here as we were anticipating a huge breakout after the analysis yesterday. Target is the $300 psych level - but we may cool off before that.

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The Stock Trader Hub from Twitter: $Caterpillar(CAT)$ - MONTHLY CHART GOT A MASSIVE BOOST TO START THE MONTH ON THAT EARNINGS REPORT. $300 IS ON THE DECK FOR COMING WEEKS ON THIS ONE.

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4. Question for Tigers（All valid and top 10 most popular stocks will be rewarded by Tiger Coins)

• Will you take the time to consider the to your Watch list? Why and What’s your target price?

• Any other stocks are shaping the same gaped upward pattern?

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