Barclays analyst Eric Morgan maintains $Knight-Swift Transportation (KNX.US)$ with a buy rating, and adjusts the target price from $62 to $68.
According to TipRanks data, the analyst has a success rate of 70.3% and a total average return of 32.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Knight-Swift Transportation (KNX.US)$'s main analysts recently are as follows:
The firm notes that the considerably higher multiples for less than truckload reflect the market's optimism for future prospects beyond the present downturn. Their updated analysis of the upcycle indicates a significant potential for earnings growth extending into 2026. The analysis also points to considerable volume potential for this sector, bolstered by market share gains in addition to a recovery in demand.
Knight-Swift, as the nation's largest truckload carrier, is considered to have significant exposure to cyclical changes in volume as the freight market transitions from recession to an upcycle. Elevated investor expectations pose risks related to a potential cycle inflection. Despite Knight-Swift's management being among the industry's most capable in navigating through the freight recession, the company may confront substantial multiple contraction, which could dilute the benefits of any anticipated earnings growth.
Note:
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