JBHT
JB Hunt Transport Services Inc
NASDAQ: JBHT · INDUSTRIALS · INTEGRATED FREIGHT & LOGISTICS
$289.36
+0.08% today
Updated 2026-06-12
Market cap
$27.29B
P/E ratio
44.86
P/S ratio
2.25x
EPS (TTM)
$6.45
Dividend yield
0.61%
52W range
$129 – $294
Volume
0.9M
JB Hunt Transport Services Inc (JBHT) Financial Forecast & Price Target 2030
Research-backed projections from analyst consensus, management guidance, and sector analysis.
Research-backed JBHT price target 2030 projection accounting for share dilution, balance sheet debt, and time value of money.
Current price
$289.36
Today
Analyst consensus
$228.17
-21.15% · 12M
2030 Base
$231.26
-20.08% future
NPV today
$139.43
@ 12% WACC
24 analysts:
13 Buy11 Hold1 Sell
Management guidance
J.B. Hunt management projects a 20% truckload (TL) rate increase over the next two years (2026-2027), driven by capacity tightening from new FMCSA regulations and stricter labor standards. Management targets operating margin improvement to a 10-12% range (vs. current 7.4%), indicating pricing power and operational leverage. CEO has signaled structural (not cyclical) tailwinds in intermodal and TL segments with 8% volume growth in March 2026 and strong Eastern network expansion.
Sources: Management guidance, analyst consensus, sector analysishigh confidence
JBHT · JB Hunt Transport Services Inc · Revenue & price projection · 2023–2030E
Actual / 2030 target Projected revenue Base case price Bull to bear range
Bear case (2030)
$231.26
NPV today: $139.43
Base case (2030)
$231.26
NPV today: $139.43
Bull case (2030)
$445.64
NPV today: $268.69
WallStSmart.com
JBHT financial forecast · Research-backed projections
| Metric | 2025 | 2026 (E) | 2027 (E) | 2028 (E) | 2029 (E) | 2030 (E) ★ |
|---|---|---|---|---|---|---|
| Revenue | $12.0B | $13.4B | $15.2B | $17.1B | $18.9B | $20.5B |
| Revenue growth | -0.7% | 11.7% | 13.4% | 12.5% | 10.5% | 8.5% |
| Net margin | — | 5.5% | 6.2% | 6.8% | 7.1% | 7.3% |
| EPS | $6.14 | $7.85 | $9.95 | $12.30 | $14.15 | $15.75 |
| Diluted shares | — | 95M | 95M | 95M | 95M | 96M |
| Net debt | — | $-254.28M | $-542.72M | $-867.22M | $-1.23B | $-1.61B |
| P/S multiple | — | 1.0x | 1.0x | 1.0x | 1.0x | 1.0x |
| Implied price (base) | — | $144.36 | $165.95 | $188.83 | $210.88 | $231.26 |
★ 2030E is the model's terminal target year. Implied price = (Revenue × P/S − Net debt) ÷ Diluted shares.
Scenario detail · Three drivers, three outcomes
| 2030E driver | Bear | Base | Bull |
|---|---|---|---|
| Revenue | $20.5B | $20.5B | $20.5B |
| P/S multiple | 1.0x | 1.0x | 2.0x |
| Diluted shares | 96M | 96M | 96M |
| Net debt | $-1.61B | $-1.61B | $-1.61B |
| Implied P/E † | 15x | 15x | 28x |
| 2030 Price | $231.26 | $231.26 | $445.64 |
| NPV @ 12% | $139.43 | $139.43 | $268.69 |
† Implied P/E: Multiples remain elevated across all three scenarios because JBHT is valued primarily on revenue scale during its growth phase, not near-term earnings power. Lower P/E in the bear case reflects multiple compression, but the absolute level stays high since 2030E still represents a hypergrowth-to-mature transition year.
EV to per-share bridge · How we get to $231.26 base case
JBHT catalysts and risks
Growth catalysts
+ Supreme Court ruling on freight broker liability benefits asset-based operators like JBHT, creating competitive moat vs. asset-light peers
+ Truckload rate inflation: 20% cumulative increase expected 2026-2027 from capacity constraints and FMCSA Hours of Service regulations
+ Intermodal volume growth: record volumes in Q1 2026 driven by highway-to-rail conversions; Eastern network expansion offers pricing optionality
+ Margin expansion: management targeting 10-12% operating margin range vs. current 7.4%, implies 300+ bps upside from pricing + cost discipline
+ AI/automation in logistics: JBHT's scale and integrated model benefit from efficiency gains; competitive advantage vs. fragmented trucking
+ Macroeconomic stabilization: Cass Freight Index stable in April 2026; trucking sector positioned for second-half demand recovery
Key risks
- Macroeconomic downturn or recession could reduce freight demand and offset pricing tailwinds
- Regulatory headwinds: new FMCSA rules (HOS, ELDs) increase operating costs; fuel price spikes could compress margins if not passed to customers
- Labor cost inflation: tight labor market and unionization pressures may limit margin expansion trajectory
- Customer concentration: large freight brokers and shippers have leverage; pricing power may be less than management projects
- Valuation risk: stock trading at 37.4x P/E and above analyst targets; current momentum may not be sustainable if growth disappoints
- Cyclical downturn: transportation is inherently cyclical; 2026-2027 tailwinds may not persist through 2028-2030
Methodology · JB Hunt Transport Services Inc 2030 stock forecast model
JB Hunt Transport Services Inc 2030 price target is calculated using WallStSmart's research model. Revenue projections are derived from analyst consensus across 24 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts. The model is built on five core components:
| 1. Share dilution | Projected from per-ticker schedule of SBC + equity raise activity, compounding year by year (1% cumulative for JBHT by 2030) |
| 2. Net debt | EV minus net debt yields equity value; debt projected from capex cycle trajectory ($-1.61B by 2030) |
| 3. Time value | NPV calculated using 12% WACC (CAPM: beta 1.286) |
| 4. Multiple framework | P/S compresses with scale: bear 1.0x / base 1.0x / bull 2.0x |
| 5. Scenario design | Bull/Base/Bear vary revenue, margin, shares, debt, and multiple independently |
WallStSmart research model · Not financial advice · Past performance is not indicative of future results · Last researched: May 21, 2026.
JBHT price target FAQ
What is the JBHT price target for 2030?
WallStSmart's JB Hunt Transport Services Inc 2030 base case is $231.26 per share, with a bull case of $445.64 and bear case of $231.26. The NPV of the base case discounted to today at 12% WACC is $139.43.
How is the JB Hunt Transport Services Inc 2030 stock forecast calculated?
The JBHT 2030 projection multiplies projected revenue by a growth-adjusted P/S multiple to derive enterprise value, subtracts projected net debt to get equity value, then divides by diluted shares outstanding accounting for dilution from stock-based compensation and equity raises.
Why does the JBHT price target account for dilution?
JB Hunt Transport Services Inc is projected to grow diluted share count from 94M to 96M by 2030 (a 1% increase) through stock-based compensation and capital raises. Ignoring this would inflate the price target by approximately 1%.
What is the analyst consensus on JBHT stock?
24 analysts cover JBHT with an average 12-month price target of $228.17. The 2030 projection extends this framework with longer-horizon assumptions including dilution and time value of money.