What is UNP stock price target for 2026?

WallStSmart's 12-month price target for Union Pacific Corporation is $239.84, representing 11.0% downside from the current price of $269.48.

What is UNP stock forecast?

Union Pacific Corporation forecast includes bull, base, and bear case scenarios from 2026 through 2030. Revenue and EPS projections are derived from analyst consensus and conservative extrapolation with growth deceleration for outer years.

Is UNP undervalued based on price targets?

Our DCF intrinsic value for Union Pacific Corporation is $149.00, against a current price of $269.48. The margin of safety is -80.86%.

UNP

Union Pacific Corporation

NYSE: UNP · INDUSTRIALS · RAILROADS

$269.48

+1.78% today

Updated 2026-04-30

Market cap

$159.99B

P/E ratio

22.18

P/S ratio

6.48x

EPS (TTM)

$12.15

Dividend yield

2.07%

52W range

$208 – $275

Volume

3.1M

Market cap

$159.99B

P/E ratio

22.18

P/S ratio

6.48x

EPS (TTM)

$12.15

Dividend yield

2.07%

52W range

$208 – $275

Volume

3.1M

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

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

Price target summary

Current

$269.48

Consensus

$263.09

-2.37%

2030 Target

$611.78

+127.02%

DCF

$149.00

-80.86% MoS

Current price

$269.48

Analyst consensus

$263.09

-2.37%

2030 Target

$611.78

+127.02%

Intrinsic (DCF)

$149.00

-80.86% MoS

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

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range

Bull case (2030)

$1,027.78

$30.7B Rev × 20x P/S

Base case (2030)

$611.78

$30.7B Rev × 12x P/S

Bear case (2030)

$416.01

$30.7B Rev × 8x P/S

Financial forecast — research-backed

Metric	2023	2024	2025	2026 (E)	2027 (E)	2028 (E)	2029 (E)	2030 (E)
Revenue	$24.1B	$24.3B	$24.5B	$25.6B	$26.8B	$28.0B	$29.3B	$30.7B
Revenue growth	—	0.5%	1.1%	4.2%	4.7%	4.7%	4.7%	4.7%
EPS	$10.32	$11.16	$11.92	$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

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.