Citigroup cuts target for PACCAR stock to USD 115.00

Published on 10/13/2026 at 11:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter 2026 net income reached USD 752.0 million, up 3.90 percent. PACCAR stock costs EUR 97.19 on October 13, 2026 before October 27 results.

Citigroup cut PACCAR's price target from USD 140.00 to USD 115.00 on October 12, 2026.
PACCAR reported second-quarter 2026 net income of USD 752.0 million and revenue of USD 7.55 billion.
PACCAR stock was trading at EUR 97.19 at Lang & Schwarz on October 13, 2026 at 11:17 a.m. CEST.
PACCAR is scheduled to report third-quarter results on October 27, 2026.

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PACCAR Inc (ISIN US6937181088) was trading at EUR 97.19 at Lang & Schwarz on October 13, 2026 at 11:17 a.m. CEST. Citigroup cut its PACCAR price target from USD 140.00 to USD 115.00 and kept a Neutral rating in a research note issued on October 12, 2026, according to MarketBeat.

Target cut resets the debate

The lower USD 115.00 target contrasts with the average twelve-month target of USD 131.50 cited by MarketBeat on October 12, 2026. The same report said six analysts rated PACCAR a Buy and eleven rated it a Hold, leaving the overall consensus at Hold.

The target revision arrived before PACCAR's scheduled third-quarter results. The next report matters because the company enters the release with second-quarter diluted earnings per share of USD 1.43, compared with USD 1.37 in the same quarter of 2025.

What did the second quarter deliver?

According to PACCAR in its second-quarter 2026 results, net income reached USD 752.0 million, up from USD 723.8 million in the second quarter of 2025. Revenue rose to USD 7.55 billion from USD 7.51 billion, a 0.53 percent increase, while operating cash flow for the first half of 2026 reached USD 1.67 billion.

The operating mix gives the upcoming report a useful test. PACCAR Parts generated record second-quarter revenue of USD 1.75 billion, up from USD 1.72 billion a year earlier, while global truck deliveries totaled 38,700 units in the second quarter of 2026.

Three dated PACCAR milestones

On March 31, 2026, PACCAR reported first-quarter revenue of USD 6.78 billion and net income of USD 605.3 million. On June 30, 2026, second-quarter revenue reached USD 7.55 billion and net income reached USD 752.0 million. On October 12, 2026, Citigroup cut its target from USD 140.00 to USD 115.00 while maintaining a Neutral rating, as MarketBeat reported.

Two dates set the next test

PACCAR's next earnings release is scheduled for October 27, 2026, according to Zacks. The ex-dividend date is November 10, 2026, and the quarterly dividend is USD 0.35 per share, according to MarketBeat.

Stock price and valuation context

PACCAR's primary listing is on Nasdaq, where the stock was last quoted at USD 108.13 on October 12, 2026. The same market context put the 52-week range at USD 92.25 to USD 139.24 and market capitalization at USD 56.9 billion.

At Lang & Schwarz, PACCAR stock was trading at EUR 97.19 on October 13, 2026 at 11:17 a.m. CEST. The next investor checkpoint is the October 27, 2026 results release, with the target reset and parts performance providing the main reference points for the report.

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