If you’ve been watching the ticker lately, you know things are getting interesting. cummins share price today closed at $579.25 on the NYSE, marking a solid 0.77% climb in a single session. While a few dollars might not seem like a revolution, it’s the momentum that’s catching everyone's eye. The stock actually touched a high of $583.08 during the day. That is basically a hair’s breadth away from its 52-week peak.
Investors are clearly feeling bullish. Honestly, it’s not hard to see why. The company has been riding a massive wave of demand for backup power, specifically from the data center industry. With AI expanding as fast as it is, these massive server farms can’t afford even a millisecond of downtime. That is where Cummins comes in. They aren’t just making engines for trucks anymore; they’re the literal heartbeat of the digital economy.
What is Driving the Cummins Share Price Today?
The numbers tell a pretty compelling story. Over the last year, Cummins Inc. (CMI) has seen its stock price surge by over 63%. Just look at where it was last January—hovering around $354. Fast forward to now, and we’re talking about a company with an $80 billion market cap.
It hasn't been a perfectly smooth ride, though. Back in November 2025, the company actually missed its earnings per share (EPS) targets by a significant margin. They reported $3.86 against a forecast of $4.87. Usually, a 20% miss like that sends a stock into a tailspin. But something weird happened. The stock price actually rose by nearly 7% the next morning.
Why? Because the revenue was there.
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The Data Center Gold Mine
The Power Systems segment is the real star of the show right now. In the most recent quarterly report, sales in this division jumped 18% to nearly $2 billion. You've got to realize that 40% of their power generation revenue is now coming from data centers. Whether it’s in North America, China, or India, the demand for large-scale gensets is through the roof.
Jennifer Rumsey, the CEO, has been pretty vocal about this shift. The company is leaning hard into what they call "Destination Zero," their plan to reach net-zero emissions. But while they work on hydrogen and electrolyzers, the traditional power business is what’s paying the bills—and then some.
The India Factor
We can’t talk about CMI without mentioning Cummins India (CUMMINSIND). If you’re looking at the NSE, cummins share price today in the Indian market finished at ₹4,062.00. It’s been a monster performer for long-term holders, giving returns of over 575% in the last five years.
Currently, the India arm is debt-free. That’s a huge deal in a high-interest-rate environment. They’ve also been consistently hiking dividends for 16 years straight. For income investors, that’s basically like finding a cheat code.
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Analysts are Divided: Buy the Peak or Wait?
Wall Street is currently playing a game of "how high can it go?"
- Citigroup recently hiked its price target to $630, maintaining a "Buy" rating.
- JP Morgan is a bit more cautious, holding a "Neutral" stance but raising its target to $580.
- Truist Securities is the most optimistic, with Jamie Cook tagging a $653 target on the stock.
On the flip side, some technical indicators are flashing yellow. The Relative Strength Index (RSI) for CMI is sitting near 70, which often means a stock is "overbought" and due for a cooling-off period. Also, while revenues are high, the heavy-duty truck market in North America has been a bit sluggish lately. Shipments were down about 38% year-over-year in the last major reporting cycle.
Practical Takeaways for Investors
If you’re thinking about jumping in, you need to weigh the long-term AI tailwinds against the short-term valuation.
Watch the February Guidance
Cummins is expected to provide its full 2026 outlook next month. This will be the "make or break" moment for the current rally. If they forecast continued double-digit growth in the Power Systems segment, $600 could be in the rearview mirror quickly.
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Diversify Your Entry
Given that the stock is at an all-time high, going "all in" today might be risky. Many pros suggest dollar-cost averaging. Basically, you buy a small amount now and add to it if there’s a 5-10% pullback.
Monitor the Accelera Segment
This is their "green" tech division. It’s currently losing money due to high R&D costs and a $240 million non-cash charge taken recently. If this segment starts narrowing its losses, it could provide the next major catalyst for share price appreciation.
The bottom line? Cummins has successfully transformed from a legacy industrial name into a critical infrastructure play. As long as the world needs more data, they’re going to need more of what Cummins is selling. Keep a close eye on those quarterly margins, as that’s where the real story of 2026 will be written.