UNP

Union Pacific Corporation

NYSE: UNP · INDUSTRIALS · RAILROADS

$272.70

+1.65% today

Updated 2026-06-12

Market cap

$155.63B

P/E ratio

21.56

P/S ratio

6.30x

EPS (TTM)

$12.16

Dividend yield

2.07%

52W range

$207 – $278

Volume

3.0M

Market cap

$155.63B

P/E ratio

21.56

P/S ratio

6.30x

EPS (TTM)

$12.16

Dividend yield

2.07%

52W range

$207 – $278

Volume

3.0M

Union Pacific Corporation (UNP) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

UNP · Union Pacific Corporation · Price target summary

Current

$272.70

Consensus

$263.09

-3.52%

2030 Target

$611.78

+124.34%

DCF

—

Current price

$272.70

Analyst consensus

$263.09

-3.52%

2030 Target

$611.78

+124.34%

Intrinsic (DCF)

—

23 analysts:

15 Buy8 Hold1 Sell

Management guidance

No specific CEO revenue targets disclosed in available materials. Management focused on operational efficiency (operating ratio improvement), freight volume recovery post-2025 softness, and merger synergy potential with Norfolk Southern. Guidance implies mid-single digit organic growth trajectory.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

UNP · Union Pacific Corporation · Revenue & price projection · 2023–2030E

Actual revenue Projected revenue Base case Bull to bear range

Bear case (2030)

$416.01

$30.7B Rev × 8x P/S

Base case (2030)

$611.78

$30.7B Rev × 12x P/S

Bull case (2030)

$1,027.78

$30.7B Rev × 20x P/S

WallStSmart.com

Financial forecast — research-backed

Metric	2025	2026 (E)	2027 (E)	2028 (E)	2029 (E)	2030 (E)
Revenue	$24.5B	$25.6B	$26.8B	$28.0B	$29.3B	$30.7B
Revenue growth	1.1%	4.2%	4.7%	4.7%	4.7%	4.7%
EPS	$11.85	$12.60	$13.67	$14.85	$16.12	$17.50
P/S ratio	—	12.0x	12.0x	12.0x	12.0x	12.0x
Implied price	—	$513.89	$538.36	$562.83	$587.30	$611.78

UNP · Union Pacific Corporation · Catalysts & risks

Growth catalysts

+ UP-NS merger approval and integration (regulatory uncertainty)

+ Freight volume recovery in 2026-2027 post-2025 softness

+ Wabtec locomotive modernization agreement execution and capex cycle

+ Operating ratio improvement through precision scheduled railroading

+ Economic recovery driving intermodal and automotive freight demand

Key risks

- UP-NS merger blocked or heavily conditioned by STB regulatory review

- Economic recession reducing freight volumes and pricing power

- Rising fuel costs pressuring margins despite operating ratio gains

- Labor cost inflation from union negotiations beyond ATDA agreement

- Capital intensity of locomotive modernization reducing FCF growth

Methodology

Union Pacific Corporation's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 23 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 6, 2026.