PACCAR Stock Forecast

Stock Price Forecast

The 13 analysts with 12-month price forecasts for PACCAR stock have an average target of 114.62, with a low estimate of 92 and a high estimate of 136. The average target predicts an increase of 13.59% from the current stock price of 100.91.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$92	$114.62	$115	$136
Change	-8.83%	+13.59%	+13.96%	+34.77%

Analyst Ratings

The average analyst rating for PACCAR stock from 14 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Feb '24	Mar '24	Apr '24	May '24	Jun '24	Jul '24
Strong Buy	3	4	4	4	4	4
Buy	3	3	3	2	2	2
Hold	8	8	8	6	8	8
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	14	15	15	12	14	14

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Jamie Cook Truist Securities	Truist Securities	Hold Maintains $121 → $115	Hold	Maintains	$121 → $115	+13.96%	Jul 2, 2024
Tim Thein Raymond James	Raymond James	Hold Initiates n/a	Hold	Initiates	n/a	n/a	Jun 28, 2024
Kyle Menges Citigroup	Citigroup	Hold Initiates $115	Hold	Initiates	$115	+13.96%	Jun 26, 2024
Jamie Cook Truist Securities	Truist Securities	Hold Reiterates $117 → $121	Hold	Reiterates	$117 → $121	+19.91%	May 2, 2024
Tami Zakaria JP Morgan	JP Morgan	Buy Maintains $140 → $130	Buy	Maintains	$140 → $130	+28.83%	May 1, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

33.29B

from 35.13B

-5.23%

from 35.13B

Revenue Next Year

35.61B

from 33.29B

6.98%

from 33.29B

EPS This Year

8.47

from 8.76

-3.26%

from 8.76

EPS Next Year

8.91

from 8.47

5.17%

from 8.47

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	25.60B	18.73B	23.52B	28.82B	35.13B	33.29B	35.61B	38.55B	33.46B	35.11B
Revenue Growth	8.95%	-26.84%	25.60%	22.52%	21.89%	-5.23%	6.98%	8.24%	-13.21%	4.94%
EPS	4.58	2.50	3.57	5.75	8.76	8.47	8.91	10.03	8.00	8.03
EPS Growth	10.10%	-45.41%	42.80%	61.06%	52.35%	-3.26%	5.17%	12.59%	-20.27%	0.34%
Forward PE	-	-	-	-	-	11.91	11.32	10.06	12.61	12.57
No. Analysts	-	-	-	-	-	22	22	15	5	4

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	36.3B	40.5B	46.4B	37.6B	38.6B
Avg	33.3B	35.6B	38.5B	33.5B	35.1B
Low	29.3B	29.3B	29.8B	28.8B	31.5B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	3.3%	21.8%	30.2%	-2.6%	15.4%
Avg	-5.2%	7.0%	8.2%	-13.2%	4.9%
Low	-16.6%	-12.0%	-16.3%	-25.3%	-5.7%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	9.27	10.23	12.89	9.03	9.33
Avg	8.47	8.91	10.03	8.00	8.03
Low	7.70	7.89	7.55	7.14	6.71

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	5.8%	20.7%	44.7%	-10.0%	16.7%
Avg	-3.3%	5.2%	12.6%	-20.3%	0.3%
Low	-12.1%	-6.9%	-15.3%	-28.8%	-16.1%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.