PACCAR stock: Bernstein lowers target to USD 121 for PACCAR stock

Published on 10/21/2026 at 17:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue was USD 7.55 billion in 2026. PACCAR stock costs EUR 98.17 on October 21, 2026, plus 0.81 percent versus Xetra close.

Bernstein target cut shapes valuation

Bernstein lowered its PACCAR target from USD 148.00 to USD 121.00 on October 14, 2026.
PACCAR reported second-quarter 2026 revenue of USD 7.55 billion against USD 7.51 billion a year earlier.
PACCAR stock costs EUR 98.17 at Lang & Schwarz on October 21, 2026 at 5:39 p.m. CEST, plus 0.81 percent versus the Xetra close of October 20, 2026.
PACCAR is scheduled to release third-quarter 2026 results on October 27, 2026.

Schwarz-weiße Reportage von Arbeitern an einer LKW-Montagelinie in der Fabrik — PACCAR Inc. US6937181088 dokumentiert Schwarz-Weiß-Reportage einer LKW-Endmontage mit Arbeitern in großer Fabrikhalle, Illustration mit AI erstellt.

PACCAR Inc. (ISIN US6937181088) faces a lower Bernstein target of USD 121.00, down from USD 148.00 in the research update dated October 14, 2026, as reported by MarketScreener. The revised target stands 9.87 percent above PACCAR's USD 110.13 Nasdaq price at 11:40 a.m. ET on October 21, 2026. The stock was trading at EUR 98.17 at Lang & Schwarz on October 21, 2026 at 5:39 p.m. CEST, plus 0.81 percent versus the Xetra close of October 20, 2026 at EUR 97.38.

Revenue holds near the prior year

PACCAR reported second-quarter 2026 net sales and financial services revenue of USD 7.55 billion, compared with USD 7.51 billion in the second quarter of 2025. Net income reached USD 752.0 million, versus USD 723.8 million a year earlier. The official results page also lists diluted earnings per share of USD 1.43 for the quarter, compared with USD 1.37 in the prior-year period.

The first half of 2026 produced USD 14.32 billion in revenue, below USD 14.95 billion in the first half of 2025. Net income nevertheless rose to USD 1.36 billion from USD 1.23 billion, while PACCAR Parts revenue increased to USD 3.46 billion from USD 3.41 billion.

Stock sits inside its yearly range

PACCAR's USD 93.86 to USD 139.24 52-week range leaves the Nasdaq price at USD 110.13, 20.88 percent above the low and 20.90 percent below the high on October 21, 2026. The company had 358,968 shares in reported trading volume at the finance snapshot time. The current market capitalization was USD 58.0 billion, and the trailing P/E was 23.14.

Valuation meets a near-term date

Bernstein's USD 121.00 target is 9.87 percent above the USD 110.13 Nasdaq price, while the 19-analyst consensus target on the MarketScreener page is USD 133.38. That average target is 21.11 percent above the Nasdaq price, but the latest named target reset points lower than the earlier Bernstein level.

MarketScreener lists October 27, 2026 as PACCAR's next earnings release date. The date places the third-quarter report less than one week ahead and gives the target revision an immediate results-related checkpoint.

Comparison with peers

Daimler Truck (Xetra, EUR): plus 0.22 percent, P/E 12.24, market capitalization EUR 31.1 billion. Cummins (Nasdaq, USD): plus 1.43 percent, P/E 27.82, market capitalization USD 74.9 billion.

What the target means for the stock

The contrast is numerical: PACCAR's second-quarter net income rose 3.90 percent year over year, while its first-half revenue declined 4.21 percent. Investors therefore have two fresh reference points before the October 27 results, a resilient profit line and a lower analyst valuation.

Trading level and next date

PACCAR stock was trading at EUR 98.17 at Lang & Schwarz on October 21, 2026 at 5:39 p.m. CEST, plus 0.81 percent versus the Xetra close of October 20, 2026 at EUR 97.38. The next scheduled company event is the third-quarter 2026 earnings release on October 27, 2026.

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