5 Best Railroad Stocks to Invest in According to Billionaires

3. CSX Corporation (NASDAQ:CSX)

CSX Corporation (NASDAQ:CSX) is one of the Best Railroad Stocks to Invest In According to Billionaires. As of Q1 2026, 23 billionaires held the stock. On June 25, Barclays raised its price target on CSX to $55 from $47 and maintained an Overweight rating. The firm said solid U.S. and international freight demand, reduced transportation capacity, higher U.S. imports, and firmer core freight pricing could support stronger earnings and outlooks across the sector.

Citi echoed that freight-cycle thesis on July 9, lifting its CSX price target to $53 from $46 while retaining a Neutral rating. The firm said second-quarter earnings for transportation companies could be among the strongest in years as tighter capacity combines with moderately improving demand. Together, the notes point to a more supportive pricing and demand environment for CSX, but their differing ratings indicate that the firms do not share the same degree of conviction in the stock. Barclays sees sufficient upside for an Overweight rating, while Citi raised its valuation without adopting a more bullish recommendation.

CSX Corporation (NASDAQ:CSX) provides rail-based freight transportation services, including traditional rail service and intermodal container and trailer transportation, across the eastern United States and parts of Canada.