Citi cuts PACCAR target from USD 140 to USD 115 for PACCAR stock

Published on 10/16/2026 at 10:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Citi cuts PACCAR's target from USD 140 to USD 115 on October 12, 2026. PACCAR stock costs EUR 98.83 on October 16, 2026 ahead of October 27 results.

Analyst target and quarterly figures

Citi lowered its PACCAR target from USD 140.00 to USD 115.00 on October 12, 2026.
PACCAR reported USD 7.55 billion in second-quarter revenue and USD 1.43 adjusted earnings per share.
PACCAR stock trades at EUR 98.83 at 10:33 a.m. CEST at Lang & Schwarz on October 16, 2026.

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PACCAR Inc. (ISIN US6937181088) faces a lower Citi target of USD 115.00, down from USD 140.00, after the analyst action dated October 12, 2026. According to MarketBeat, Citi kept a Neutral rating while cutting its target. PACCAR stock was trading at EUR 98.83 at Lang & Schwarz on October 16, 2026 at 10:33 a.m. CEST.

What does the target cut change?

The revised target places Citi below several other published estimates, including the USD 121.00 target listed for Bernstein SocGen Group and the USD 142.00 target listed for JPMorgan in the October 2026 analyst table. The spread reflects different assumptions about truck demand, pricing and earnings after the second-quarter report.

PACCAR's second-quarter revenue reached USD 7.55 billion, while net income was USD 752.0 million and diluted earnings per share came to USD 1.43. Revenue was flat against the second quarter of 2025, while net income rose 3.9 percent, according to Simply Wall St. The figures give the October target revisions a concrete earnings base.

Three dates shape the setup

PACCAR reported first-quarter 2026 diluted earnings per share of USD 1.15 on March 31, 2026, then reported second-quarter diluted earnings per share of USD 1.43 on July 28, 2026. Citi lowered its target from USD 140.00 to USD 115.00 on October 12, 2026, the latest of the three dated developments. The second-quarter results and analyst update are covered by MarketBeat.

Upcoming dates and the euro quote

PACCAR is scheduled to release third-quarter 2026 results on October 27, 2026, according to Zacks. A quarterly dividend payment of USD 0.35 per share is scheduled for December 2, 2026, with an ex-dividend date of November 10, 2026, according to The Cerbat Gem.

Price stays tied to the euro quote

PACCAR's primary listing is on the Nasdaq, while the German-market indication was EUR 98.83 at Lang & Schwarz on October 16, 2026 at 10:33 a.m. CEST. The upcoming October 27 report will test whether second-quarter revenue of USD 7.55 billion and diluted earnings per share of USD 1.43 support the range of analyst targets.

The further course of trading is shown by the continuously updated real-time quote of PACCAR stock.