JPMorgan raises Norfolk Southern stock target to USD 323

Published on 10/26/2026 at 16:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

TD Cowen raises its target to USD 379 on October 23, 2026. Norfolk Southern stock costs EUR 297.50 on October 26, 2026 during trading in Germany.

Analyst targets and quarterly results

JPMorgan raised its Norfolk Southern target from USD 318.00 to USD 323.00 on October 23, 2026.
Third-quarter 2026 revenue reached USD 3.526 billion, up 14.00 percent year over year.
Norfolk Southern stock was trading at EUR 297.50 at Lang & Schwarz on October 26, 2026 at 4:31 p.m. CEST.

Norfolk Southern, US6558441084, Illustration mit AI erstellt.

JPMorgan raised its price target for Norfolk Southern from USD 318.00 to USD 323.00 on October 23, 2026, while maintaining a Neutral rating, according to Markets Insider. The target lies 2.65 percent below the USD 331.79 NYSE quote on October 26, 2026. Norfolk Southern was trading at EUR 297.50 at Lang & Schwarz on October 26, 2026 at 4:31 p.m. CEST.

Third-quarter revenue sets a record

Norfolk Southern reported third-quarter 2026 railway operating revenue of USD 3.526 billion, a quarterly record and a 14.00 percent increase from the third quarter of 2025. Income from railway operations rose 5.00 percent to USD 1.150 billion, while diluted earnings per share increased 7.00 percent to USD 3.37.

The adjusted figures were stronger on earnings but less favorable on efficiency. Adjusted diluted earnings per share reached USD 3.62, up 10.00 percent from the prior-year quarter, while the adjusted operating ratio increased 210 basis points to 65.40 percent. The results and the comparison figures were reported in the company release carried by Morningstar.

Targets diverge from the latest quote

Analyst actions on October 23, 2026 showed a wide range of expectations. Benzinga listed target increases from Citigroup to USD 349.00, JPMorgan to USD 323.00, Evercore ISI to USD 377.00, RBC Capital to USD 350.00 and TD Cowen to USD 379.00. The same overview listed 19 analysts, with six Buy ratings and 13 Hold ratings.

Operating costs remain central

For the third quarter of 2026, adjusted operating expenses increased 17.00 percent year over year to USD 2.306 billion, while fuel expenses rose 77.00 percent to USD 420.00 million. The company also generated USD 1.322 billion in operating cash flow during the quarter. These figures put the revenue record alongside a measurable cost burden.

Stock and company details

Norfolk Southern is listed on the NYSE under ticker NSC. The NYSE quote was USD 331.79 at 11:35 a.m. ET on October 26, 2026, while the 52-week range was USD 277.80 to USD 358.60. The market capitalization was USD 74.5 billion and the price-to-earnings ratio was 27.87 on the same market-data snapshot.

Current euro price

Norfolk Southern was trading at EUR 297.50 at Lang & Schwarz on October 26, 2026 at 4:31 p.m. CEST. The latest quarter combines 14.00 percent revenue growth with a 65.40 percent adjusted operating ratio, giving investors a clear contrast between demand and cost efficiency. The further course of trading is shown by the continuously updated real-time quote of Norfolk Southern stock.