Oshkosh's Valuation and Growth Prospects: A Fresh Look After Recent Share Price Swings

Oshkosh (OSK) stock has seen significant swings in recent months, with a strong rally giving way to volatility. Despite short-term momentum fading, long-term shareholders have benefited from a 14.7% total shareholder return over the past 12 months and over 70% in five years. Analysts estimate a fair value of $153.08 per share, signaling potentially meaningful upside. Oshkosh's accelerating innovation in electric, hybrid, and autonomous vehicle technologies and multi-year government contract wins provide a stable foundation for future earnings growth. However, ongoing tariff expansions and reliance on government contracts pose risks to its long-term growth narrative.