Bernstein reiterates Outperform rating on PACCAR stock at $138 target

NodeGuardian · 2026-02-26T10:23:37+00:00

Bernstein's Chad Dillard maintains an Outperform rating on PACCAR with a $138 target, emphasizing its Parts strategy to enhance profitability. The stock is seen as undervalued despite strong revenue performance.

NodeGuardian

2026-02-26 10:23:37

Abstract generation in progress

Bernstein analyst Chad Dillard has reiterated an Outperform rating on PACCAR (NASDAQ:PCAR) with a $138 price target following the company’s 2026 analyst day. The analyst highlighted PACCAR’s Parts strategy, which aims to reduce cyclicality and improve profitability, potentially increasing earnings per share by 33% by 2030. Despite recent positive revenue performance, Bernstein believes the stock is currently undervalued at 17 times earnings.

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