Evercore ISI Group Raises UNP Price Target to $329

On October 23, 2026, Evercore ISI Group reiterated its Outperform rating on Union Pacific Corporation (NYSE: UNP) while lifting its price target to $329.00 from $324.00. Research notes from major financial firms provide a forward-looking view on how stocks might perform, and this update places fresh focus on the railroad operator's growth outlook.

UNP Union Pacific Corporation

$287.87 ▲ +26.01% year to date

1M 3M YTD

Daily close · Oct 21, 2026

Evercore ISI Group's Call on Union Pacific Corporation

Evercore ISI Group kept its Outperform rating in place on October 23, 2026, bumping its target price up by $5.00 to $329.00. With Union Pacific recently trading around $294.10, the new target suggests the firm sees room for the shares to climb higher from recent trading levels.

Union Pacific Corporation Stock Up 2.2%

Union Pacific closed at $294.14 on October 23, 2026. The stock recently traded at $294.10, putting it roughly equal to its event-day close. The shares sit above both their 50-day moving average of $287.52 and their 200-day moving average of $268.26.

Recent Earnings

Union Pacific generated trailing twelve-month revenue of $26.36 billion alongside earnings of $12.82 per share. The freight carrier posted a net profit margin of 28.9% and a return on equity of 38.7%. Investors are looking ahead to the next corporate earnings release scheduled for January 26, 2027.

Dividend

Union Pacific pays an annual dividend rate of $5.68 per share, translating to a dividend yield of 1.91%. The company's dividend payout ratio stands at 44.7%.

Analysts Set New Price Targets

Wall Street firms actively adjusted their views on Union Pacific on October 23, 2026. Citigroup maintained a Buy rating on October 7, 2026, while lowering its target from $349.00 to $338.00. JP Morgan maintained a Neutral rating on October 23, 2026, adjusting its target from $322.00 to $321.00. RBC Capital maintained an Outperform rating on October 23, 2026, raising its target from $326.00 to $335.00. TD Cowen maintained a Buy rating on October 23, 2026, while lifting its target from $325.00 to $328.00. Overall, the stock carries a buy consensus recommendation with a mean price target of $328.78.

About Union Pacific Corporation

Union Pacific Corporation operates the principal railroad franchise in the western two-thirds of the United States. Through its primary rail subsidiary, the company moves agricultural goods, industrial products, chemicals, and consumer freight across thousands of miles of track. Rail networks like this serve as essential arteries for domestic supply chains.

Bottom Line

Investors will watch how shares track relative to Evercore's $329.00 target as the next earnings report approaches on January 26, 2027. Market participants continue to evaluate freight volume and operational efficiency across major rail corridors.