Key Highlights

● PACCAR closed at $110.82 on October 16, trading below the analyst target.

● The consensus 12-month price target is $133.38, implying about 20.4% upside.

● Analysts are split 9 Buy, 10 Hold, and 0 Sell on the stock.

● Targets range from $107 to $162 across 19 analysts.

PACCAR Inc. (NASDAQ:PCAR) closed at $110.82 on October 16, 2026 and is a constituent of the S&P 500. According to market data, the consensus 12-month price target from 19 analysts is $133.38, which implies potential upside of about 20.4% from the latest close. The truck maker is drawing attention ahead of its third-quarter results on October 27, 2026, after several brokers trimmed their price targets in October. Analyst targets are forecasts, not guarantees.

What Is the Latest Analyst Price Target?

The mean analyst target is $133.38, with a median of $133 and a range from $107 to $162. At the latest close of $110.82, the consensus target suggests upside of about 20.4%, while the highest target implies 46.2% and the lowest implies -3.4%. The figures reflect data as of October 12, 2026 and may differ from other providers, which use different analyst samples and update schedules. The low target of $107 is only slightly below the current price, whereas the high of $162 is about 46% above it. Ten of 19 analysts rate the stock Hold, so the consensus rating of Buy masks a fairly balanced view.

What Are Analysts Saying?

The rating split is 9 Buy (6 Strong Buy, 3 Buy), 10 Hold, 0 Sell, giving a consensus rating of Buy. Recent actions reported include the following: Citi (Kyle Menges) kept a Hold rating and cut its target from $140 to $115 on October 12, 2026; J.P. Morgan (Tami Zakaria) reiterated Buy but lowered its target from $164 to $142 on 8 October; Wells Fargo (Jerry Revich) kept a Hold and cut from $157 to $122 on 8 October; and Truist (Jamie Cook) kept a Hold and cut from $139 to $125 on 5 October. RBC Capital was reported to have upgraded the stock to Outperform with a $150 target around five weeks ago. Individual notes may differ in timing from other sources.

What Could Help the Stock Reach the Price Target?

PACCAR reported second-quarter 2026 revenue of $7.546 billion against a $7.03 billion consensus, and earnings per share of $1.43 against $1.35, with gross margin improving to 14.4%. A recovery in truck demand and sustained margin improvement could support the earnings assumed in the targets. The company also declared a regular quarterly dividend of $0.35 per share, payable on December 2, 2026. If the consensus proves accurate, delivery against these drivers would be needed to close the gap between the share price and the average target.

What Could Prevent the Stock Reaching the Target?

The run of target cuts suggests analysts are lowering expectations for the cycle. Full-year 2025 revenue fell 15.5% and earnings fell 42.9%, illustrating how cyclical the business is. Weaker freight demand, pricing pressure or regulatory uncertainty could keep earnings below forecasts. Because targets are opinions about the next twelve months, they can be revised quickly as conditions change.

What Should Investors Watch Next?

Third-quarter results are due on October 27, 2026. Investors may focus on order books, delivery guidance, margins and any further changes to broker targets after the release.

Patience Over Conviction

The consensus target of $133.38 suggests 20.4% upside from $110.82, but it is an aggregate of individual forecasts that rely on assumptions about earnings, valuation and the wider market.