Oshkosh stock price target raised to $160 from $148 at DA Davidson

Investing.com - DA Davidson raised its price target on Oshkosh (NYSE:OSK) to $160.00 from $148.00 on Tuesday, while maintaining a Buy rating on the specialty vehicle manufacturer. The stock, currently trading at $138.42, has shown impressive momentum with a 42% return over the past year. According to InvestingPro data, 9 analysts have recently revised their earnings estimates upward for the upcoming period.

The price target increase follows Oshkosh’s second-quarter 2025 earnings report, with DA Davidson noting that conditions appear to be normalizing in the company’s Access segment.

In the Vocational segment, Oshkosh is booked into 2028 for its Fire equipment, while in Transport, the company is beginning to ramp up its United States Postal Service project.

DA Davidson highlighted that Oshkosh has secured multiple Defense contracts with more favorable terms than previous agreements, contributing to the firm’s optimistic outlook.

The research firm raised its 2026 earnings estimate for Oshkosh and expressed confidence that the company can reach its $18-$22 earnings per share target for 2028, up from approximately $11 expected in 2025.

In other recent news, Oshkosh Corporation reported strong financial results for the second quarter of 2025, exceeding both earnings and revenue forecasts. The company achieved an adjusted earnings per share of $3.41, surpassing the expected $2.94, and reported revenue of $2.73 billion, above the forecasted $2.66 billion. Following these results, UBS raised its price target for Oshkosh to $164 from $159, maintaining a Buy rating, while Raymond (NSE:RYMD) James increased its target to $155 from $130, keeping an Outperform rating. KeyBanc reiterated its Overweight rating and a $140 price target, expressing confidence in Oshkosh’s progress toward its 2028 targets. Bernstein raised its price target to $132 from $126, maintaining a Market Perform rating after the company’s earnings exceeded consensus estimates by 16%. These developments reflect a positive outlook from analysts on Oshkosh’s performance and strategic direction.

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