CNH Industrial NV

CNH · NYSE

$11.49−$0.09 (−0.78%)TodayMarket closed · Oct 23, 7:30 PM ET

Prev close $11.58

CNH analyst rating

HoldConsensus of 12 analysts over the last 12 months. 50% rate it a buy.

Strong buy0
Buy6
Hold5
Underperform1
Sell0

12-month price target · 21 analysts

Average $14.35 (+24.9% upside)

Low: $9.09
Now: $11.49
High: $18.90

Upgrades and downgrades

The latest rating actions, newest first

CNH analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Barclays	Oct 19, 2026	Maintains	Overweight	$12.00 → $14.00	38%
JP Morgan	Oct 8, 2026	Maintains	Underweight	$10.00 → $11.00	54%
Truist Securities	Oct 5, 2026	Maintains	Buy	$15.00 → $17.00	58%
Evercore ISI Group	Sep 3, 2026	Upgrade	In-Line → Outperform	$12.50 → $18.00	64%
DA Davidson	Aug 20, 2026	Maintains	Neutral	$12.00	51%
DA Davidson	Aug 19, 2026	Maintains	Neutral	$12.00	51%
Evercore ISI Group	Aug 11, 2026	Maintains	In-Line	$12.25 → $12.50	64%
Truist Securities	Aug 4, 2026	Maintains	Buy	$16.00 → $15.00	58%
Citigroup	Aug 4, 2026	Maintains	Buy	$12.00 → $13.00	60%
BMO Capital	Aug 4, 2026	Maintains	Market Perform	$11.00 → $12.00	45%

The case for and against

Updated Oct 23, 2026

Bull case

CNH Industrial is supported by a strong operating base, with $5.16B in revenues materially ahead of expectations and adjusted EPS of $0.01 in line with the Street, signaling resilience despite a still-challenging backdrop. The company’s maintained 2026 EPS guidance of $0.35-$0.45 suggests management sees a credible path to earnings improvement, while the scale of its agricultural and construction franchises, broad dealer network, and captive finance arm should continue to underpin demand and customer retention. A constructive outlook also rests on evidence of execution on CNH’s 2030 strategic plan, with further upside likely if there is even modest improvement in the Ag cycle.

Bear case

CNH Industrial is exposed to a cyclical and highly volatile demand base, with 82% of industrial net sales tied to agricultural machinery and 18% to construction equipment, leaving results vulnerable to commodity swings, weather disruptions, and broader economic downturns. Its global supply chain and dealer footprint across 164 countries also increase execution risk, while currency moves have already contributed to net losses in 2022, 2021, and 2020 from Argentina-related devaluation. Financial Services adds further pressure because rising short-term rates can lift funding costs and make customer financing less competitive, and the recent CEO and CFO change raises uncertainty around whether operational improvements will be realized.

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