PACCAR stock: Bernstein cuts target to USD 121.00 from USD 148.00
Published on 10/23/2026 at 15:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and reporting date
- Bernstein cut its PACCAR target to USD 121.00 from USD 148.00 on October 14, 2026.
- PACCAR Connect will be available in Kenworth and Peterbilt trucks in early 2027 after its October 19, 2026 announcement.
- PACCAR stock costs EUR 96.87 at Lang & Schwarz on October 23, 2026 at 3:39 p.m. CEST, 1.18 percent below the Xetra close of October 22, 2026.
- PACCAR is scheduled to report third-quarter 2026 results on October 27, 2026.
Bernstein cut its PACCAR target from USD 148.00 to USD 121.00 on October 14, 2026, while maintaining its rating, as MarketScreener reported. PACCAR stock was trading at EUR 96.87 at Lang & Schwarz on October 23, 2026 at 3:39 p.m. CEST, down 1.18 percent versus the Xetra close of October 22, 2026 at EUR 98.03.
Bernstein lowers the target
The USD 27.00 reduction leaves Bernstein's target 12.18 percent above PACCAR's USD 107.86 Nasdaq price at 9:54 a.m. ET on October 23, 2026. The target change adds a more cautious valuation signal ahead of the company's third-quarter report.
PACCAR stock stays above its low
PACCAR's Nasdaq quote stood between its USD 93.86 52-week low and USD 139.24 high on October 23, 2026. The USD 56.8 billion market capitalization and 22.69 price-to-earnings ratio place the stock below its yearly high while keeping the valuation metric in focus.
Results date and product rollout
PACCAR is scheduled to release third-quarter 2026 results on October 27, 2026, as listed in the calendar on the MarketScreener company page. The next disclosed product date is early 2027: PACCAR Connect is planned for Kenworth and Peterbilt Class 8 trucks, according to MarketScreener on October 19, 2026.
Comparison with peers
PACCAR Inc.: down 1.18 percent, price-to-earnings ratio 22.69, market capitalization USD 56.8 billion. Cummins: down 1.83 percent, price-to-earnings ratio 26.19, market capitalization USD 70.2 billion. CNH Industrial: down 2.03 percent, price-to-earnings ratio 45.67, market capitalization USD 14.0 billion.
What investors can measure next
The October 27, 2026 results will provide the next company-specific test for earnings and demand. Until then, Bernstein's USD 121.00 target and the October 23, 2026 euro quotation frame the market's current assessment.
The further course of trading is shown by the continuously updated real-time quote of PACCAR stock.
PACCAR stock at a glance
- Company: PACCAR Inc.
- ISIN: US6937181088
- WKN: 861114
- Ticker: PAE on Xetra, PCAR on Nasdaq
- Primary exchange: Nasdaq
- Price Lang & Schwarz (as of October 23, 2026, 3:39 p.m. CEST): EUR 96.87
- Change versus Xetra close: minus 1.18 percent
- Xetra close (October 22, 2026): EUR 98.03
- Market capitalization: USD 56.8 billion (as of October 23, 2026)
- 52-week range: USD 93.86-139.24 (as of October 23, 2026)
- Sector / Industry: Industrials / Heavy Machinery and Vehicles
- Next earnings date: October 27, 2026
Market context: Market report S&P 500.
