Goldman Joins Others in Turning Bullish on Knight-Swift Transportation Holdings Inc. (KNX)

Jordan Alliger, an analyst at Goldman Sachs, updated the shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) from Neutral to Buy, significantly raising the target price to $65 from a previous target of $45.

This upside of around 47% is based on the lower P/E multiple of 16.5x, a decline from around 20x. The company’s recent earnings exhibited an EPS of $0.28, surpassing both the Benchmark’s estimate and the consensus estimate of $0.24.

Goldman Joins Others in Turning Bullish on Knight-Swift Transportation Holdings Inc. (KNX)

A row of semi-trucks, highlighted against an expansive sky.

Similarly, Citi has raised the price target for Knight-Swift Transportation Holdings Inc. (NYSE:KNX) to $53. The consistent Buy rating given to the stock is driven by the potential benefits from strict freight market conditions. UBS, too, sees upside potential in the company. With a Buy rating and a price target of $46, the firm believes the much-anticipated truckload market rebound will drive the company’s future.

Despite risks like slower-than-expected volume growth, issues in surging contract rates, inflationary cost pressures, and tariff-related risks, the analysts advise investors to monitor the company’s challenges while making the most of the opportunities that resulted in the company’s landing in a much more favorable position.

While we acknowledge the potential of KNX to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than KNX and that has 100x upside potential, check out our report about this cheapest AI stock.

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