PACCAR gains on Q4 beat, pushing ProPicks 'Top Value Stocks' strategy higher

Investing.com — PACCAR (NASDAQ:PCAR) reported its Q4 results, with EPS of $2.70 coming in better than the consensus estimate of $2.23. Revenue grew 11.6% year-over-year to $9.08 billion, beating the consensus estimate of $8.54B. The company achieved record revenues of $35.13B for the full 2023 year, compared to revenues of $28.82B in 2022.

Following the results, the company's shares experienced a significant gain, increasing by more than 4% yesterday.

Following positive quarterly results, Goldman Sachs raised its price target on PACCAR to $106.00 from $93.00 while maintaining a Neutral rating.

PACCAR's extraordinary performance was seen in advance by our flagship AI-powered stock-picking toll: ProPicks. The company has been an integral part of our Top Value Stocks strategy since December 2023.

This strategy, powered by advanced AI technology, focuses on identifying up to 20 undervalued U.S.-listed stocks, each with solid earnings that are primed for growth. These companies are usually trading lower than their perceived intrinsic value - which means they're also a potentially huge bargain.

In fact, if you had joined ProPicks in November, you would have scored a 25% gain on PACCAR stock alone.

And this is just one of the picks within our impressive selection of 70+ stocks divided among our six market-beating strategies. The real secret behind our outperformance lies in the strength of our curated list of winners - and not just on single picks.

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For investors looking to capitalize on such market opportunities, InvestingPro's AI-powered strategies offer a data-driven approach to stock selection. With these tools, investors can navigate the market with confidence, backed by the power of AI analysis.

With our six strategies, including the flagship Top Value Stocks which outperformed the market by a lofty 633% over the last decade, investors have the best selection of stocks in the market at the tip of their fingers every month.

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