Wells Fargo Cuts KNX Price Target to $79
Key Points
- Wells Fargo maintained its Overweight rating on Knight-Swift Transportation Holdings Inc. on October 22, 2026, lowering its price target from $81.00 to $79.00.
- Wells Fargo's $79 price target implies 25% upside from Knight-Swift Transportation Holdings Inc.'s ($KNX) current $63.20 share price.
- Knight-Swift recently traded around $63.20, down about 0.3% from its October 22 closing price of $63.36.
- Institutional investors adjusted positions earlier in the year, with AQR Capital Management growing its stake by 31.6% to 4.49 million shares.
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Wells Fargo maintained its Overweight rating on Knight-Swift Transportation Holdings Inc. (NYSE:KNX) on October 22, 2026, while lowering its price target from $81.00 to $79.00. The note reflects the firm's ongoing view on the freight transportation provider as Wall Street analysts update their models following recent industry trends.
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Knight-Swift Transportation Holdings Inc.
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Wells Fargo's Call on Knight-Swift
On October 22, 2026, Wells Fargo kept its Overweight rating on the trucking company and trimmed its target price to $79.00 from $81.00. The rating represents the firm's forward-looking stance on the stock. Other firms also weighed in on October 22, including Evercore ISI Group maintaining an Outperform rating with a $79.00 target, JP Morgan maintaining a Neutral rating with a $74.00 target, and Stifel maintaining a Buy rating with a $92.00 target.
Other Institutional Activity in Knight-Swift
Large funds adjusted their holdings in Knight-Swift leading into the second half of 2026. Victory Capital Management Inc. trimmed its holdings by 1,546,651 shares, ending with 4,786,891 shares worth about $303.3 million as of June 30, 2026. AQR Capital Management, LLC grew its holdings by 1,078,158 shares, ending with 4,488,969 shares worth about $284.4 million. Slate Path Capital, LP reduced its stake by 1,207,196 shares, closing the period with 3,411,000 shares valued at about $216.1 million.
Knight-Swift Transportation Holdings Inc. Stock Holds Steady
Knight-Swift shares recently traded around $63.20 as of October 22, 2026, down about 0.3% from the session's close of $63.36. The stock trades below its 50-day moving average of $67.17 and its 200-day moving average of $65.83. Over the past year, the shares have traded between a low of $41.24 and a high of $82.86.
$KNX price target
Knight-Swift Transportation Holdings Inc. daily closes and this analyst's $79 target. Not advice.
Recent Earnings
The company reported trailing twelve-month revenue of $7.73 billion and earnings of $0.94 per share. Its next quarterly earnings release is scheduled for January 20, 2027.
Dividend
Knight-Swift pays an annual dividend rate of $0.80 per share, offering a dividend yield of 1.27% based on recent trading levels.
Insider Buying and Selling at Knight-Swift Transportation Holdings Inc.
Company insiders executed several transactions prior to the analyst update. Director Reid B. Dove sold 50,000 shares on July 31, 2026, at an average price of $70.25 for a total of $3.51 million, followed by another disposition of 169,154 shares on August 13, 2026, valued at $12.3 million. Officer Cary Michael Flanagan sold 3,600 shares on July 31, 2026, at $70.82 for $254,952. Director David N. Vander Ploeg sold 2,200 shares on August 12, 2026, at $71.31 for $156,882.
About Knight-Swift Transportation Holdings Inc.
Knight-Swift Transportation Holdings Inc. operates as a major freight transportation and logistics provider across the United States and Mexico. Headquartered in Phoenix, Arizona, the company handles shipments through its truckload, less-than-truckload, logistics, and intermodal divisions, connecting supply chains for various industrial sectors.
Bottom Line
Wells Fargo's revised price target comes as Wall Street continues to assess transportation stocks against broader economic conditions. Investors will look toward the company's next earnings report on January 20, 2027, for further details on freight demand and operational performance.
Related Filing Alerts
Source: Wells Fargo's rating change on $KNX (Oct 22, 2026). Written by software, not financial advice. How we make alerts