Analyst Scoreboard: 6 Ratings For PACCAR
Portfolio Pulse from Benzinga Insights
Analysts have provided varied ratings for PACCAR (NASDAQ:PCAR) over the last quarter, with recent updates showing a shift towards more positive evaluations. The average 12-month price target for PCAR has increased to $107.67, reflecting a 15.03% rise from the previous target of $93.60. This change is based on updates from analysts at firms including Evercore ISI Group, UBS, Goldman Sachs, B of A Securities, JP Morgan, and Morgan Stanley, who have adjusted their price targets and ratings in response to PACCAR's market performance and financial indicators. PACCAR, known for its medium- and heavy-duty trucks, has shown a revenue growth rate of 4.37% and a net margin of 15.61%, outperforming industry averages.
February 20, 2024 | 5:00 pm
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POSITIVE IMPACT
PACCAR has received updated positive evaluations from analysts, with an increased average 12-month price target of $107.67. The company's financial performance, including a revenue growth rate of 4.37% and a net margin of 15.61%, supports these optimistic views.
The increase in the average 12-month price target for PACCAR reflects a positive outlook from analysts, supported by the company's recent financial performance. The adjustments in ratings and price targets by analysts from reputable firms indicate a bullish sentiment towards PCAR's stock in the short term. The company's revenue growth and net margin, which exceed industry averages, provide a solid foundation for these optimistic evaluations.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100