Paccar stock price forecast the "Paccar stock price forecast" for

The "Paccar stock price forecast" for the next 6 months is anchored on steady diesel prices and moderate interest rates, both favorable for freight operators. Consensus estimates imply a fair value around $104 based on 2024 EBITDA projections. Quarter-End Positioning and Equity MovesU.S. stocks closed higher Friday after August PCE inflation matched expectations, though all three major indexes ended the week lower. The Dow gained 0.7%, the S&P 500 rose 0.6%, and the Nasdaq added 0.4%, as investors balanced resilient economic data with hopes for further Fed easing. Analysts expect Q4 to be seasonally strong, with the S&P 500 historically gaining in 74% of fourth quarters. That said, let's delve into the average estimates of some Paccar metrics that Wall Street analysts commonly model and monitor. Current projections for the "Paccar stock price forecast" incorporate robust cash flow from after-market parts, which tend to be counter-cyclical and stabilize earnings during slower truck sales.