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Barchart
Barchart
Kritika Sarmah

What Are Wall Street Analysts' Target Price for PACCAR Stock?

Paccar PCAR

Based in Bellevue, Washington, PACCAR Inc (PCAR) is a $60 billion company specializing in the design, manufacturing, and support of premium light, medium, and heavy-duty trucks under the Kenworth, Peterbilt, and DAF brands. PACCAR also develops advanced diesel engines, offers financial services, provides IT solutions, and distributes truck parts.

Shares of this heavy-duty truck titan have underperformed the broader market considerably over the past year. PCAR has gained 31.9% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 35.9%. In 2024, PCAR stock is up 19.2%, while the SPX is up 25.8% on a YTD basis. 

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