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Why Oshkosh (OSK) Stock Is Trading Up Today

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What Happened?

Shares of specialty vehicles contractor Oshkosh (NYSE: OSK) jumped 3% in the afternoon session after its defense division unveiled a new family of autonomous military vehicles and secured a new order from the U.S. Army. 

Oshkosh Defense introduced its Family of Multi-Mission Autonomous Vehicles (FMAV) at the Association of the United States Army Annual Meeting. The company displayed three production-ready vehicle types designed for self-driving military missions. This development was aimed at supporting the U.S. Army's modernization efforts. In other positive news, Oshkosh also secured an $89 million order from the U.S. Army for its Palletized Load System vehicles. Following these developments, several financial firms reacted favorably, with UBS, DA Davidson, and KeyBanc all raising their price targets for the company's stock.

After the initial pop the shares cooled down to $127.96, up 3.1% from previous close.

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What Is The Market Telling Us

Oshkosh’s shares are somewhat volatile and have had 11 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 previous big move we wrote about was 5 days ago when the stock gained 3.7% on the news that 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.

Oshkosh is up 36.7% since the beginning of the year, but at $127.96 per share, it is still trading 10.8% below 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 $1,627.

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