RBC Capital Raises Union Pacific (UNP) Price Target to $335

On October 23, 2026, RBC Capital reiterated its Outperform rating on Union Pacific Corporation (NYSE:UNP) while lifting its price target from $326.00 to $335.00. The update arrived as analysts weigh the railroad operator's latest operational performance heading into the final stretch of the year. Union Pacific closed at $293.98 on the day of the research note.

UNP Union Pacific Corporation

$287.87 ▲ +26.01% year to date

1M 3M YTD

Daily close · Oct 21, 2026

RBC Capital's Call on Union Pacific

In its October 23 research note, RBC Capital kept an upbeat stance on the railroad company by maintaining its Outperform rating. The firm bumped its price target to $335.00 from its previous target of $326.00.

Union Pacific Corporation Stock Up 2.2%

Union Pacific shares recently traded around $293.04 on October 23, 2026, sitting just below the day's close of $293.98. The stock trades about 1.9% above its 50-day moving average of $287.52 and roughly 9.2% above its 200-day moving average of $268.26. Shares sit 7.3% below their 52-week high of $315.99 while holding 36.0% above their 52-week low of $215.53.

Recent Earnings

Union Pacific generated trailing-twelve-month revenue of $26.36 billion alongside trailing earnings of $12.82 per share. The company reported a net profit margin of 28.9% and a return on equity of 38.7%. Year-over-year revenue growth stood at 15.3%. The company's next earnings report is scheduled for release on January 26, 2027.

Dividend

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

Analysts Set New Price Targets

Wall Street firms have actively adjusted their views on Union Pacific in recent weeks. On October 2, 2026, Susquehanna maintained its Positive rating while lowering its target from $345.00 to $333.00. JP Morgan maintained a Neutral rating on October 5, 2026, cutting its target from $334.00 to $322.00. Citigroup maintained a Buy rating on October 7, 2026, trimming its target from $349.00 to $338.00. Later, on October 23, 2026, TD Cowen maintained its Buy rating while raising its price target from $325.00 to $328.00. Overall, the stock carries a consensus buy recommendation from 23 analysts, with a mean price target of $328.78.

About Union Pacific

Headquartered in Omaha, Nebraska, Union Pacific Corporation operates through its primary subsidiary to run a major freight railroad network across the United States. The company moves a wide variety of goods, including agricultural products, industrial materials, chemicals, and consumer items. Its extensive rail lines connect key shipping hubs, making it a central piece of America's freight transportation infrastructure.

Bottom Line

Investors will look ahead to Union Pacific's next earnings report on January 26, 2027, for further details on freight volumes and operating margins. Market participants continue to monitor how transportation demand aligns with current analyst targets.