CNH Stock Forecast & Price Target

CNH Industrial is well-positioned in the agricultural machinery market, with strong brands and a robust dealer network. The company is also expanding its presence in the construction equipment market. Despite a short-term downturn in the overall equipment market, CNH's used market is outperforming its competition. While large M&A may not be in the near term plans, the company is still open to niche or technology-related acquisitions. The company has a solid framework in place for achieving flat to slightly negative sales growth in the near term, but expects improvement in earnings and margins in the coming years. Recent model changes reflect a decline in revenue and Adjusted EBITDA estimates for FY:26, but still show potential for growth in FY:27.

CNH Industrial is experiencing slower growth in its primary markets, with a net sales decline of 17% in North America and 5% in Europe, the Middle East, and Africa in the most recent reporting period. Additionally, the company has significant exposure to tariffs, which could continue to negatively impact margins. While self-help measures and potential monetization of the Construction business could provide incremental catalysts, it will likely take time to achieve the company's 2030 margin goals.