On Oct 24, major Wall Street analysts update their ratings for $Knight-Swift Transportation (KNX.US)$, with price targets ranging from $56 to $70.
Morgan Stanley analyst Ravi Shanker maintains with a buy rating, and adjusts the target price from $72 to $70.
BofA Securities analyst Ken Hoexter maintains with a buy rating, and adjusts the target price from $60 to $58.
Wells Fargo analyst Christian Wetherbee maintains with a buy rating, and maintains the target price at $56.
TD Cowen analyst Jason Seidl maintains with a buy rating, and adjusts the target price from $57 to $56.
Furthermore, according to the comprehensive report, the opinions of $Knight-Swift Transportation (KNX.US)$'s main analysts recently are as follows:
Knight-Swift's third-quarter performance and first-quarter projections, which were slightly under market consensus, might initially appear underwhelming. Nevertheless, considering the third-quarter disruptions and projections that do not anticipate an economic turning point, such results should fulfill or even surpass expectations. The market might find solace in the absence of a lowered guidance and could be buoyed by the management's positive outlook for the fourth quarter and the whole fiscal year 2025, suggesting confidence in the business cycle.
Knight-Swift's performance met expectations in Q3, and the company's Q4 guidance aligns with estimates and consensus expectations. The improvement in margins is anticipated to sequentially follow Q3, supported by favorable contractual rates which help to balance out increased network costs.
Here are the latest investment ratings and price targets for $Knight-Swift Transportation (KNX.US)$ from 4 analysts:
Note:
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