Key Highlights

● PCAR shares ended 9 October 2026 at $108.04.

● The second data set consensus target is $140.06 from 19 analysts.

● Targets range from $107 to $162.

● On 8 October Wells Fargo set a target of $122 from $157 with an Equal.

Paccar (NASDAQ:PCAR), a constituent of both the S&P 500 and the Nasdaq-100, finished Friday 9 October 2026 at $108.04. Analyst targets sit well above that level, with the consensus implying upside of about 29.6%, and ratings lean neutral. Recent broker revisions have mostly been upward.

What Is the Latest Analyst Price Target?

The second data set shows an average target of $140.06 from 19 analysts, with a median of $140, a high of $162 and a low of $107. Against the $108.04 close, the consensus target suggests potential upside of about 29.6%.

Market data reports a considerably lower average of $128.18 from 14 analysts, implying upside of about 18.6%, with a high of $150 and a low of $90. The named broker targets market data lists from July to October average about $136, between the two data sets.

What Are Wall Street Analysts Saying?

Analysts are cautious. Market data counts three Buy and 11 Hold ratings with no Sells, giving a consensus of Hold; the second data set shows six Strong Buy, three Buy and 10 Hold among 19 analysts, which it labels Buy.

October brought several reductions. On 8 October Wells Fargo set a target of $122 from $157 with an Equal Weight rating, and JPMorgan lowered its target to $142 from $164 while keeping Overweight. Truist set $125 from $139 on 5 October with a Hold rating. Earlier, RBC upgraded the shares to Outperform with a $150 target on 10 September, Morgan Stanley set $125 from $119, Citigroup raised to $140 in July and Bernstein reiterated Outperform at $148.

What Could Help the Stock Reach the Price Target?

The case for upside rests on a recovery in truck demand. It also reports year-on-year revenue declines of 9.8% for the April 2026 quarter and 15.1% for January 2026, which suggests that a stabilisation could be the key catalyst.

The upgrade from RBC and the continued Outperform views from Bernstein and JPMorgan show that some analysts expect better conditions ahead.

What Could Prevent the Stock Reaching the Target?

The most obvious obstacle is the recent run of target cuts from Wells Fargo, JPMorgan and Truist, which suggests analysts are lowering expectations. With most ratings at Hold, many analysts see fair value closer to the current price than the consensus implies. Truck makers are sensitive to freight demand, interest rates, regulation and the economic cycle, and falling revenue, as market data's text indicates, can weigh on sentiment. The shares also fell 1.5% on 9 October.

What Should Investors Watch Next?

Investors may watch for further target changes after the October cuts, for evidence on order trends, and for whether the gap between the two data sets' averages narrows as data updates.

The Analyst Case for Paccar, in Numbers

Paccar closed at $108.04 on 9 October 2026, against a second data set consensus target of $140.06. On 8 October Wells Fargo set a target of $122 from $157 with an Equal Weight rating, and JPMorgan lowered its target to $142 from $164 while keeping Overweight.