JPMorgan cuts target for Union Pacific stock from USD 322 to USD 321

Published on 10/26/2026 at 18:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue rose 15.00 percent to USD 7.20 billion in third quarter. Union Pacific stock costs EUR 263.75 on October 26, 2026, minus 0.06 percent versus Xetra close.

JPMorgan target trimmed

JPMorgan Chase cut its Union Pacific target from USD 322.00 to USD 321.00 on October 23, 2026.
Third-quarter 2026 revenue rose 15.00 percent to USD 7.20 billion.
Union Pacific stock cost EUR 263.75 at Lang & Schwarz on October 26, 2026 at 5:56 p.m. CET, 0.06 percent below the Xetra close and 6.70 percent below the 52-week high.
Union Pacific had a USD 175.1 billion market capitalization on October 26, 2026.

Union Pacific, US9078181081, Illustration mit AI erstellt.

On October 23, 2026, JPMorgan Chase cut its Union Pacific target from USD 322.00 to USD 321.00 while maintaining a Neutral rating, MarketBeat reported. The revised target lies 8.88 percent above the NYSE price of USD 294.81 at 12:59 p.m. EDT on October 26, 2026. At Lang & Schwarz, Union Pacific was trading at EUR 263.75 on October 26, 2026 at 5:56 p.m. CET, minus 0.06 percent versus the Xetra close of October 26, 2026 at EUR 263.90.

Third-quarter revenue reaches USD 7.20 billion

Union Pacific reported third-quarter 2026 operating revenue of USD 7.20 billion, up 15.00 percent from USD 6.24 billion a year earlier. Net income reached USD 2.08 billion, compared with USD 1.79 billion in third-quarter 2025, while diluted earnings per share rose to USD 3.49 from USD 3.01, according to the company's October 21, 2026 release at Union Pacific.

The railroad said revenue carloads grew 6.00 percent in the quarter. Its reported operating ratio improved to 59.10 percent from 59.20 percent a year earlier, while the adjusted ratio increased to 58.80 percent from 58.50 percent as higher fuel prices affected costs.

Stock sits below its 52-week high

On the NYSE, Union Pacific last traded at USD 294.81 on October 26, 2026 at 12:59 p.m. EDT. The same quote showed a 52-week range of USD 215.53 to USD 315.99, placing the stock 6.70 percent below its high and 36.95 percent above its low.

Union Pacific's market capitalization was USD 175.1 billion on October 26, 2026, with a price-to-earnings ratio of 22.99. Trading volume stood at 610,505 shares at that timestamp, giving the valuation figures a current-session setting.

What does the target imply?

The JPMorgan target of USD 321.00 is 8.88 percent above the NYSE price of USD 294.81. Other analysts also revised targets after the quarterly release: TD Cowen raised its target from USD 325.00 to USD 328.00, RBC raised its target from USD 326.00 to USD 335.00, and Citigroup lifted its target from USD 338.00 to USD 348.00, according to Benzinga on October 23, 2026.

Comparison with peers

On October 26, 2026, Union Pacific: minus 0.06 percent versus its Xetra close, price-to-earnings ratio 22.99, market capitalization USD 175.1 billion.

Norfolk Southern (NYSE, USD): up 0.61 percent, price-to-earnings ratio 27.84, market capitalization USD 74.6 billion.

CSX (NASDAQ, USD): up 0.92 percent, price-to-earnings ratio 26.55, market capitalization USD 94.9 billion.

Union Pacific valuation in context

Union Pacific's latest earnings growth stands alongside a relatively small daily move in the German euro quotation. The primary-market valuation remains tied to the NYSE price and the company's third-quarter operating performance.

Union Pacific was trading at EUR 263.75 at Lang & Schwarz on October 26, 2026 at 5:56 p.m. CET, 0.06 percent below the Xetra close of October 26, 2026 at EUR 263.90. The further course of trading is shown by the continuously updated real-time quote of Union Pacific stock.