PACCAR stock: Bernstein cuts PACCAR stock target from USD 148.00 to USD 121.00

Published on 10/20/2026 at 16:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

PACCAR expects USD 1.61 per share on October 27, 2026. PACCAR stock costs EUR 97.29 on October 20, 2026, minus 0.09 percent versus the Xetra close.

Analyst target and reporting date

Bernstein cut its PACCAR target from USD 148.00 to USD 121.00 on October 14, 2026.
PACCAR is expected to report third-quarter results on October 27, 2026, before the market opens.
PACCAR stock costs EUR 97.29 at Lang & Schwarz on October 20, 2026 at 4:08 p.m. CEST, minus 0.09 percent versus the Xetra close.
PACCAR has a USD 57.5 billion market capitalization and a P/E ratio of 22.92.

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PACCAR Inc. (ISIN US6937181088) is facing a lower Bernstein valuation after the firm cut its price target from USD 148.00 to USD 121.00 in a note dated October 14, 2026, according to MarketScreener. The USD 121.00 target stands 10.72 percent above PACCAR's USD 109.29 Nasdaq price at 10:20 a.m. EDT on October 20, 2026. At Lang & Schwarz, the stock was trading at EUR 97.29 on October 20, 2026 at 4:08 p.m. CEST, minus 0.09 percent versus the Xetra close of October 19, 2026 at EUR 97.38.

Third-quarter estimates set the next test

PACCAR is expected to report third-quarter results on October 27, 2026, before the market opens. MarketBeat lists consensus adjusted earnings per share of USD 1.61 and revenue of USD 7.54 billion for that period, versus USD 1.12 and USD 7.24 billion in the third quarter of 2025. The forecast implies earnings per share growth of 43.75 percent and revenue growth of 4.14 percent.

Stock position stays below its yearly high

The primary Nasdaq quote was USD 109.29 at 10:20 a.m. EDT on October 20, 2026. PACCAR's 52-week range was USD 93.86 to USD 139.24, placing the price 21.50 percent below the high and 16.41 percent above the low. The company's market capitalization was USD 57.5 billion, its P/E ratio was 22.92, and its trailing dividend yield was 3.00 percent on the same date.

Second-quarter results explain the valuation debate

PACCAR reported USD 7.55 billion of revenue and USD 752.0 million of consolidated net income for the second quarter of 2026. Revenue increased 0.48 percent from USD 7.51 billion in the second quarter of 2025, while net income rose 3.90 percent from USD 723.8 million. LineVest reported that truck deliveries declined to 38,700 from 39,300 a year earlier, showing why stronger pricing has not yet produced a broad volume recovery.

The combination leaves investors with two measurable tests. PACCAR must deliver the USD 1.61 consensus earnings per share in the third quarter while rebuilding truck volume, and Bernstein's USD 121.00 target must withstand the pressure from lower delivery figures and recent target resets.

What the next report must show

PACCAR's October 27, 2026 report will put the estimate, delivery trend and margin progress together. The current Nasdaq valuation and the lower Bernstein target frame a market that is pricing both earnings resilience and cyclical risk.

The stock was trading at EUR 97.29 at Lang & Schwarz on October 20, 2026 at 4:08 p.m. CEST, minus 0.09 percent versus the Xetra close of October 19, 2026 at EUR 97.38. The further course of trading is shown by the continuously updated real-time quote of PACCAR stock.