PACCAR stock gets a lower Truist target before Q3 results

Published on 10/06/2026 at 17:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

PACCAR stock was trading at USD 109.94 on October 6, 2026, after Truist cut its target to USD 125. Q2 EPS rose 4.4 percent.

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PACCAR Inc. stock (ISIN US6937181088) was trading at USD 109.94 on NASDAQ on October 6, 2026 at 11:37 a.m. ET, up 0.53 percent from the prior close. The immediate catalyst is a lower Truist price target ahead of PACCAR's third-quarter results, while the latest quarter still showed higher earnings despite nearly flat revenue.

Truist lowers its target

According to Markets Insider on October 5, 2026, Truist analyst Jamie Cook lowered the PACCAR price target to USD 125 from USD 139 and kept a Hold rating. The new target lies 13.7 percent above the October 6 intraday price, leaving the valuation debate tied to the truck cycle rather than to a fresh company announcement.

The same report identified higher interest rates and elevated diesel and other input costs as risks, while Truist expected constructive commentary and higher 2026 estimates. For investors, the central question is whether pricing and cost relief can offset weaker unit demand.

Q2 earnings rose on flat sales

PACCAR's second-quarter 2026 revenue reached USD 7.5467 billion, up 0.5 percent from the year-earlier quarter, while net income rose 3.9 percent to USD 752.0 million. Diluted EPS increased 4.4 percent to USD 1.43, and the operating margin was 12.0 percent, according to Financial Report Insights in its Q2 2026 analysis published September 27, 2026.

The earnings mix matters. PACCAR delivered 38,700 trucks in Q2 2026, down 2 percent year over year, yet Truck segment pretax profit rose 17 percent to USD 360.5 million as higher prices and lower tariff costs supported profitability. Parts revenue increased 1.5 percent to USD 1.7469 billion, providing a higher-margin counterweight to the softer truck volume.

Consensus remains above the market

MarketBeat lists a Hold consensus based on 14 analysts, with an average price target of USD 133.36, a high target of USD 164.00 and a low target of USD 90.00. The average target lies 21.3 percent above the USD 109.94 intraday price, a wider gap than Truist's revised target implies.

PACCAR's market capitalization stood at USD 57.9 billion on October 6, 2026. The 52-week range was USD 92.25 to USD 139.24, placing the stock below its yearly high while the latest quarterly figures point to earnings resilience during weaker deliveries.

Stock trades below yearly high

PACCAR stock was last at USD 109.94 on NASDAQ on October 6, 2026 at 11:37 a.m. ET, with a session range of USD 109.17 to USD 110.33 and volume of 921,634 shares.