Cummins' stock price has surged 42% over the past 12 months, driven by robust growth in its AI data center power solutions business, which is expected to continue benefiting from the escalating demand for data center electricity.
The company reported record-high revenue of $9.5 billion in Q2 2026 and raised its full-year revenue guidance, projecting a 10% to 13% increase. Goldman Sachs anticipates that U.S. data center power demand will rise from 31 gigawatts in 2025 to 66 gigawatts by 2027. Analysts have a median price target of $782 for Cummins' stock over the next 12 months, representing an upside of approximately 40% from its September 4 closing price of $560.75.
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Cummins' stock price has surged 42% over the past 12 months, driven by robust growth in its AI data center power solutions business. Analysts project an additional 40% upside potential in the next 12 months.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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