What Happened?
Shares of specialty vehicles contractor Oshkosh (NYSE: OSK) jumped 3.7% in the afternoon session after Truist Securities raised its price target on the stock, and the company prepared to showcase new autonomous military vehicle technology.
The investment firm maintained its "Buy" rating on Oshkosh while increasing the price target to $171.00 from $155.00, signaling strong confidence in the company's market outlook. Adding to the positive news, Oshkosh Defense announced it would display new technology at the Association of the United States Army's annual meeting. In collaboration with Forterra and Raytheon, the company planned to present two DeepFires autonomous launcher prototypes, which are based on the Oshkosh Family of Medium Tactical Vehicles. Furthermore, Oshkosh was set to introduce its Family of Multi-Mission Autonomous Vehicles, a portfolio of production-ready platforms designed to support Army priorities.
After the initial pop the shares cooled down to $134.47, up 3.2% from previous close.
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What Is The Market Telling Us
Oshkosh’s shares are somewhat volatile and have had 10 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.
The biggest move we wrote about over the last year was 3 months ago when the stock gained 5.1% on the news that analysts at Goldman Sachs upgraded the stock to "buy" from "neutral". The investment firm also boosted its price target on the specialty truck manufacturer to $131.00 from $124.00, suggesting potential upside from its current trading levels.
Oshkosh is up 43.7% since the beginning of the year, and at $134.47 per share, it is trading close to its 52-week high of $143.44 from August 2025. Investors who bought $1,000 worth of Oshkosh’s shares 5 years ago would now be looking at an investment worth $1,710.
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