77/100BUnion Pacific stock forecast 2026–2030What is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Analysts' average 12-month price target for Union Pacific is 327.60, 8.5% above the current price of 302.03. Their targets range from 294.00 to 350.00.
Of the 16 firms that rated Union Pacific in the past 12 months, 12 rate it buy or strong buy, 4 hold and 0 sell or strong sell (each firm at its latest rating): a Buy consensus.
Analysts' 1-year price targets range from 294.00 to 350.00, with an average of 327.60.
| Buy | 12 | |
| Hold | 4 | |
| Sell | 0 |
12-month price target
| Highest target | 350.00 |
| Average target | 327.60 |
| Lowest target | 294.00 |
| Current price | 302.03 |
Union Pacific price target historyWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Have analysts recently raised or lowered their Union Pacific price target and rating?
How analysts rate Union Pacific, month by monthWhat is the analyst rating? The analyst rating sums up what the analysts covering a stock recommend, from strong buy to strong sell, by the share of them rating it a buy.
12 of 16 firms rate it buy now, against 16 of 24 in December 2025.
Each month: every firm at its latest rating from the 12 months before. Strong buys count as buys, strong sells as sells.
Union Pacific analyst upgrades, downgrades and price targets
The latest rating change came on 5 November 2026, when Baird downgraded Union Pacific from Outperform to Neutral. The most recent new target came from Robert W. Baird on 5 November 2026: 310.00.
| Date | Firm | Rating | Price target | Change | Price then |
|---|---|---|---|---|---|
| 5 Nov 2026 | Robert W. Baird Dan Moore | — | 344.00 → 310.00 | -9.9% | 308.53 |
| 5 Nov 2026 | Baird | Downgraded · Outperform → Neutral | — | — | — |
| 23 Oct 2026 | RBC Capital | Reiterated · Outperform | 335.00 → 328.00 | -2.1% | 292.67 |
| 23 Oct 2026 | RBC Capital Walter Spracklin | — | 326.00 → 335.00 | +2.8% | 298.09 |
| 15 Oct 2026 | Raymond James | — | 363.00 → 350.00 | -3.6% | 288.27 |
| 24 Sept 2026 | RBC Capital | — | 339.00 → 326.00 | -3.8% | 275.70 |
| 16 Sept 2026 | UBS | Upgraded · Neutral → Buy | 310.00 → 339.00 | +9.4% | 283.99 |
| 27 Jul 2026 | Robert W. Baird Daniel Moore | — | 311.00 → 344.00 | +10.6% | 307.32 |
| 24 Jul 2026 | RBC Capital | Reiterated · Outperform | 289.00 → 339.00 | +17.3% | 304.06 |
| 24 Jul 2026 | UBS Thomas Wadewitz | Reiterated · Neutral | 274.00 → 310.00 | +13.1% | 303.70 |
| 24 Jul 2026 | BMO Capital | Reiterated · Market Perform | 285.00 → 320.00 | +12.3% | 304.33 |
| 24 Jul 2026 | Wells Fargo | Reiterated · Overweight | 300.00 → 335.00 | +11.7% | 304.33 |
| 24 Jul 2026 | Barclays | Reiterated · Overweight | 315.00 → 350.00 | +11.1% | 304.33 |
| 23 Jul 2026 | Goldman Sachs | — | 267.00 → 317.00 | +18.7% | 304.33 |
| 14 Jul 2026 | Susquehanna Harrison Bauer | Reiterated · Positive | 305.00 → 333.00 | +9.2% | 288.99 |
| 13 Jul 2026 | Raymond James Patrick Tyler Brown | Reiterated · Strong Buy | 310.00 → 363.00 | +17.1% | 289.00 |
| 25 Jun 2026 | Evercore ISI Jonathan Chappell | Reiterated · Outperform | 277.00 → 294.00 | +6.1% | 259.96 |
| 5 Jun 2026 | Susquehanna Harrison Bauer | — | 272.00 → 305.00 | +12.1% | 272.35 |
| 24 Apr 2026 | Raymond James | — | 270.00 → 310.00 | +14.8% | 269.42 |
| 24 Apr 2026 | UBS Thomas Wadewitz | Reiterated · Neutral | 253.00 → 274.00 | +8.3% | 269.60 |
| 24 Apr 2026 | BMO Capital | Reiterated · Market Perform | 295.00 → 285.00 | -3.4% | 269.98 |
| 24 Apr 2026 | Evercore ISI | — | 277.00 | — | 269.95 |
| 24 Apr 2026 | RBC Capital | Reiterated · Outperform | 273.00 → 289.00 | +5.9% | 271.26 |
| 24 Apr 2026 | Wells Fargo Christian Wetherbee | Reiterated · Overweight | 300.00 | — | 271.26 |
| 24 Apr 2026 | Barclays | Reiterated · Overweight | 285.00 → 315.00 | +10.5% | 271.26 |
| 26 Mar 2026 | RBC Capital | — | 280.00 → 273.00 | -2.5% | 239.19 |
| 19 Mar 2026 | Evercore ISI Group | Upgraded · In Line → Outperform | — | — | — |
| 6 Mar 2026 | Robert W. Baird Dan Moore | — | 311.00 | — | 260.20 |
| 6 Mar 2026 | Baird | Upgraded · Neutral → Outperform | — | — | — |
| 19 Feb 2026 | BMO Capital | — | 255.00 → 295.00 | +15.7% | 265.00 |
| 27 Jan 2026 | Goldman Sachs | — | 263.00 → 267.00 | +1.5% | 232.55 |
| 7 Jan 2026 | BMO Capital Fadi Chamoun | Downgraded · Outperform → Market Perform | 255.00 | — | 233.62 |
| 18 Dec 2025 | RBC Capital | — | 280.00 | — | 236.76 |
| 16 Dec 2025 | Barclays | Reiterated · Overweight | 285.00 | — | 239.93 |
| 11 Dec 2025 | Deutsche Bank Richa Harnain | Downgraded · Buy → Hold | 295.00 → 245.00 | -16.9% | 235.46 |
Union Pacific EPS and revenue estimatesWhat are estimate revisions? Estimate revisions are the changes analysts make to their EPS and revenue forecasts for the years ahead. They show whether expectations are rising or falling.
Analysts expect Union Pacific's EPS to grow 9.6% a year until 2028. Over the last 5 years it grew 8.7% a year, and over the last 3 years 2.2%.
Analysts expect Union Pacific's revenue to grow 8.5% a year until 2028. Over the last 5 years it grew 4.6% a year, and over the last 3 years it fell 0.5%.
Revenue
EPS
Does Union Pacific beat earnings estimates?What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
On average, analysts' EPS estimate was 3.1% off the result, either way, and their revenue estimate 0.8%, over the last 12 quarters.
- EPS beats
- 93 / 136
- Revenue beats
- 85 / 120
- Average EPS surprise, last 12What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
- +2.7%
- Since
- January 1993
| Quarter | Report date | EPS estimate | Reported EPS | Surprise | Revenue estimate | Reported revenue | Surprise |
|---|---|---|---|---|---|---|---|
| Q3 FY2026 | 22 Oct 2026 | 3.47 | 3.53 | +1.7% | 7.16B | 7.20B | +0.5% |
| Q2 FY2026 | 23 Jul 2026 | 3.26 | 3.41 | +4.6% | 6.72B | 6.86B | +2.2% |
| Q1 FY2026 | 23 Apr 2026 | 2.86 | 2.93 | +2.4% | 6.23B | 6.22B | -0.2% |
| Q4 FY2025 | 27 Jan 2026 | 2.86 | 2.86 | 0.0% | 6.11B | 6.09B | -0.4% |
| Q3 FY2025 | 23 Oct 2025 | 2.99 | 3.08 | +3.0% | 6.25B | 6.24B | -0.1% |
| Q2 FY2025 | 24 Jul 2025 | 2.91 | 3.03 | +4.1% | 6.16B | 6.15B | -0.2% |
| Q1 FY2025 | 24 Apr 2025 | 2.74 | 2.70 | -1.5% | 6.07B | 6.03B | -0.6% |
| Q4 FY2024 | 23 Jan 2025 | 2.76 | 2.91 | +5.4% | 6.15B | 6.12B | -0.4% |
| Q3 FY2024 | 24 Oct 2024 | 2.78 | 2.75 | -1.1% | 6.14B | 6.09B | -0.8% |
| Q2 FY2024 | 25 Jul 2024 | 2.71 | 2.74 | +1.1% | 6.05B | 6.01B | -0.8% |
| Q1 FY2024 | 25 Apr 2024 | 2.51 | 2.69 | +7.2% | 5.97B | 6.03B | +1.0% |
| Q4 FY2023 | 25 Jan 2024 | 2.57 | 2.71 | +5.4% | 6.05B | 6.16B | +1.8% |
Union Pacific stock price 2026–2030: scenariosHow are the stock price scenarios calculated? Bear, base and bull prices for the years ahead: the analysts' EPS estimates times the lowest, average and highest P/E of the stock today and at its last five year ends, or of its peers.
If Union Pacific's earnings keep growing at the 10.5% a year analysts expect to FY2028, it would earn about 19.24 a share in FY2030. At the P/E it has traded at over the last five years (18.4 to 25.2) that is 354.38 to 485.58 a share, or 418.17 at its average P/E of 21.7. This is arithmetic on the analysts' estimates, not a prediction.
| Fiscal year | EPS | Bear | Base | Bull |
|---|---|---|---|---|
| FY2026 | 13.18 | 242.75 | 286.45 | 332.62 |
| FY2027 | 14.40 | 265.27 | 313.03 | 363.49 |
| FY2028 | 15.75 | 290.17 | 342.40 | 397.60 |
| FY2029 (extrapolated) | 17.41 | 320.67 | 378.40 | 439.39 |
| FY2030 (extrapolated) | 19.24 | 354.38 | 418.17 | 485.58 |
Each year's EPS is the analysts' consensus to FY2028; the years after grow 10.5% a year (the analysts' growth, at most 15%). Bear, base and bull apply the lowest, average and highest P/E of today and the last five fiscal year ends, leaving out any above 60, the mark of a year of collapsed earnings (18.4, 21.7, 25.2).
Is Union Pacific stock undervalued or overvalued?How does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
Union Pacific's P/E of 23.5 is near the top of its 5-year range (16.5 to 27.7, median 21.2). Analysts expect faster growth than in recent years, which can explain part of the high P/E. Buyers pay about the usual price for each point of growth: a PEG of 2.5 on expected growth against 2.4 on its median P/E and past five years' growth. At its usual P/E (21.2 × EPS of 12.85), Union Pacific's fair value is 272.53; the price, 302.03, is 10.8% above it. Its forward P/E, on the consensus for FY2026, is 22.9.
Fair value is the usual (median) P/E of the last five years times the earnings per share of the last twelve months; the ends of the bar are the same earnings at its lowest and highest P/E of those years (16.5 and 27.7). The price against its P/E range
- Price to earnings ratio (TTM)What is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 23.50
- Five-year median P/EWhat is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 21.21
- Five-year P/E range
- 16.5 – 27.7
- Forward P/E (FY2026)What is the forward P/E ratio? Forward P/E divides a share's price by the earnings per share analysts expect in the coming year, rather than last year's actual earnings.
- 22.92
- PEG ratioWhat is the PEG ratio? The PEG ratio divides the P/E by the yearly earnings growth analysts expect, to show how much you pay for each point of growth.
- 2.24
- To the average targetWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
- +8.5%
Most undervalued US stocksHow does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
| Stock | Price | Fair value | Upside |
|---|---|---|---|
| 64.525 | 127.9762Price 64.53185 | +98.3% | |
| 28.410 | 56.3234Price 28.4196 | +98.2% | |
| 153.725 | 297.58169Price 153.73471 | +93.6% | |
| 243.002 | 464.71205Price 243.00627 | +91.2% | |
| 160.085 | 305.52160Price 160.09396 | +90.8% | |
| 37.565 | 71.4258Price 37.57193 | +90.1% | |
| 160.240 | 300.28225Price 160.24375 | +87.4% |
Furthest below the fair value on each stock's page, updated every day.