Truist cut target for PACCAR stock to USD 125.00

Published on 10/12/2026 at 11:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

PACCAR earned USD 752.0 million in the second quarter versus USD 723.8 million. PACCAR stock costs EUR 96.68 on October 12, 2026.

Key points in brief

Truist cut its PACCAR price target from USD 139.00 to USD 125.00 on October 5, 2026, while keeping a Hold rating.
PACCAR reported USD 752.0 million in second-quarter 2026 net income and USD 7.55 billion in revenue.
The stock was at EUR 96.68 at Lang & Schwarz on October 12, 2026 at 11:24 a.m. CEST.
PACCAR is scheduled to report third-quarter 2026 results on October 27, 2026.

Isometrische 3D-Explosion eines LKW mit Kabine, Chassis, Motor und Rädern — PACCAR Inc. US6937181088 dargestellt als isometrische 3D-Explosionszeichnung eines LKW mit sichtbaren Einzelteilen, Illustration mit AI erstellt.

PACCAR Inc. (ISIN US6937181088) was at EUR 96.68 at Lang & Schwarz on October 12, 2026 at 11:24 a.m. CEST. On October 5, 2026, Truist cut its PACCAR price target from USD 139.00 to USD 125.00 while keeping a Hold rating, according to Markets Insider.

Truist lowers the target

The target cut came in a research note previewing PACCAR's third-quarter results. Truist analyst Jamie Cook retained the Hold rating and cited higher interest rates, elevated diesel costs and other input costs as near-term issues, according to Markets Insider.

The revised USD 125.00 target is USD 14.00 below the former USD 139.00 level. That change puts the analyst view in sharper contrast with PACCAR's latest operating figures, which showed earnings growth despite lower truck revenue in the first half of 2026.

Second-quarter figures set the base

In the second quarter of 2026, PACCAR reported USD 7.55 billion in net sales and financial services revenue, up from USD 7.51 billion in the second quarter of 2025. Net income reached USD 752.0 million, compared with USD 723.8 million in the year-earlier quarter, according to PACCAR.

The parts operation supplied a second operating anchor: revenue reached USD 1.75 billion in the second quarter of 2026, versus USD 1.72 billion in the second quarter of 2025. PACCAR also generated USD 700.8 million in operating cash flow during the quarter, while global truck deliveries totaled 38,700 units.

What comes next for results?

PACCAR is scheduled to report third-quarter 2026 results on October 27, 2026, at 9:30 a.m. Eastern time, according to Simply Wall St. The upcoming report will show whether truck demand and parts revenue can offset the cost pressures cited in the Truist note.

Three dated operating markers

On April 28, 2026, PACCAR reported first-quarter net income of USD 605.3 million. On July 28, 2026, it reported second-quarter net income of USD 752.0 million. On October 5, 2026, Truist lowered its target from USD 139.00 to USD 125.00 while retaining Hold, as reported by Markets Insider.

Key dates for PACCAR

The next substantiated event is the third-quarter 2026 earnings release on October 27, 2026, followed by the related earnings discussion at 9:30 a.m. Eastern time.

Stock quote and company profile

PACCAR was trading at EUR 96.68 at Lang & Schwarz on October 12, 2026 at 11:24 a.m. CEST. The current quote is presented without a percentage comparison because the dated Xetra reference close is not included in the article's substantiated market figures.

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