Union Pacific Analysts Increase Their Forecasts Following Upbeat Q1 Earnings

by | Apr 24, 2026 | General

Union Pacific Corp (NYSE:UNP) reported better-than-expected earnings for the first quarter on Thursday.

The company posted first-quarter 2026 diluted EPS of $2.87 and adjusted diluted EPS of $2.93 on Thursday, beating analyst estimates of $2.86. Operating revenue rose 3% year over year to $6.217 billion, exceeding estimates of $6.199 billion.

“Our safety, service, and operating momentum continued in the first quarter as we further challenged ‘what’s possible’ from our great railroad,” said Jim Vena, Union Pacific CEO.

The company reaffirmed its 2026 outlook, expecting mid-single-digit EPS growth, further operating ratio improvement and strong cash generation.

Union Pacific shares fell 0.2% to trade at $270.85 on Friday.

These analysts made changes to their price targets on Union Pacific following earnings announcement.

  • BMO Capital analyst Fadi Chamoun maintained Union Pacific with a Market Perform and raised the price target from $278 to $285.
  • RBC Capital analyst Walter Spracklin maintained the stock with an Outperform rating and raised the price target from $273 to $289.
  • Wells Fargo analyst Christian Wetherbee maintained Union Pacific with an Overweight rating and raised the price target from $260 to $300.
  • Benchmark analyst Nathan Martin maintained the stock with a Buy and raised the price target from $275 to $300.
  • TD Cowen analyst Jason Seidl maintained Union Pacific with a Buy and raised the price target from $256 to $282.
  • JP Morgan analyst Brian Ossenbeck maintained the stock with a Neutral and raised the price target from $267 to $275.

Considering buying UNP stock? Here’s what analysts think:

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