WallStSmart
WAB

Westinghouse Air Brake Technologies Corp

NYSE: WAB · INDUSTRIALS · RAILROADS

$261.37
-0.69% today

Updated 2026-04-29

Market cap
$44.35B
P/E ratio
37.02
P/S ratio
3.85x
EPS (TTM)
$7.06
Dividend yield
0.40%
52W range
$184 – $276
Volume
1.0M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

Westinghouse Air Brake Technologies Corp (WAB) Financial Forecast & Price Target 2030

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

Price target summary

Current
$261.37
Consensus
$272.09
+4.10%
2030 Target
$1,142.60
+337.16%
DCF
$304.25
+16.38% MoS
11 analysts:
5 Buy2 Hold0 Sell

Management guidance

Wabtec provided 2026 full-year adjusted EPS guidance of $10.05-$10.45 (midpoint $10.25), implying ~50% EPS growth. While specific revenue guidance was not explicitly stated in available materials, the company announced record backlog and multiple major contracts (Union Pacific $1.2B, CSX $670M locomotive modernization deals) that support near-term revenue acceleration. Management indicated strong execution on rail modernization demand through 2026-2027.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$1,904.33
$16.4B Rev × 20x P/S
Base case (2030)
$1,142.60
$16.4B Rev × 12x P/S
Bear case (2030)
$761.73
$16.4B Rev × 8x P/S

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2028 (E)2029 (E)2030 (E)
Revenue$9.7B$10.4B$11.2B$12.4B$13.2B$14.1B$15.2B$16.4B
Revenue growth—7.3%7.5%11.5%6.1%6.7%7.7%7.7%
EPS$5.93$7.53$8.97$10.49$11.95$13.50$15.25$17.15
P/S ratio———12.0x12.0x12.0x12.0x12.0x
Implied price———$863.29$939.47$990.25$1,066.42$1,142.60

Catalysts & risks

Growth catalysts
+ Union Pacific $1.2B locomotive modernization deal execution
+ CSX $670M fleet modernization contract
+ Dellner Couplers acquisition integration and synergies
+ Rail industry capital cycle acceleration with infrastructure tailwinds
+ Record backlog conversion to revenue (estimated 2-3 year conversion horizon)
+ Aftermarket services growth from installed base modernization
Key risks
- Softening North American railcar build cycle and freight demand volatility
- Economic slowdown reducing Class I railroad capital spending
- Integration execution risk from Dellner Couplers acquisition
- Supply chain disruptions in manufacturing-heavy operations
- Valuation stretched at 37.2x P/E vs. peers; DCF analysis suggests 12.9% overvaluation

Methodology

Westinghouse Air Brake Technologies Corp's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 11 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 7, 2026.