Recent news indicates mixed analyst sentiment on Paccar (PCAR). Melius Research upgraded PCAR to Buy with a $120 price target, while JPMorgan raised its target to $132. Conversely, UBS downgraded PCAR to Neutral with a $108 target, reflecting cautious sentiment.
Based on the oversold condition and mixed analyst sentiment, PCAR may see a slight bounce. However, the overall bearish trend and negative insider sentiment suggest limited upside.
Predicted Price for Next Trading Week: $97.50
Recommendation: Sell
The price of PCAR is predicted to go up 5.42%, based on the high correlation periods with MDAI. The similarity of these two price pattern on the periods is 95.03%.
PCAR
MDAI
Strong freight demand and profitability allows fleet owners to replace aging trucks, pushing new truck orders and revenue for Paccar higher.
Fleet owners opt to increase purchases of Paccar's premium truck brands to attract and retain truck drivers, especially during periods of tight labor in the trucking industry.
New emission regulation in Brazil, India, China, and Australia pushes fleet owners to buy more emission-compliant trucks, benefiting Paccar.
Citigroup
2025-03-31
Price Target
$112 → $105
Upside
+7.84%
JP Morgan
2025-03-18
Price Target
$132 → $121
Upside
+20.75%
UBS
2025-03-18
Price Target
$108
Upside
+7.77%