Union Pacific stock gets a lower JPMorgan target

Published on 10/05/2026 at 19:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

JPMorgan now values Union Pacific at USD 322.00 versus USD 334.00 previously, keeping a neutral rating on October 5, 2026. Q2 EPS reached USD 3.41.

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Union Pacific stock (ISIN US9078181081) was trading at USD 277.39 on the NYSE on October 5, 2026, down 0.32 percent from the previous close. JPMorgan lowered its price target from USD 334.00 to USD 322.00 while keeping a neutral rating, according to MarketBeat on October 5, 2026.

JPMorgan trims its target

The reduction leaves JPMorgan's target USD 44.61 above the NYSE price, a gap of 16.08 percent based on the October 5 quotation. The neutral rating contrasts with the broader analyst view published by MarketBeat, which lists a Moderate Buy consensus and an average target of USD 326.33.

MarketBeat also reported that Susquehanna cut its target from USD 345.00 to USD 333.00 while retaining a positive rating on October 2, 2026. The same report said Union Pacific's Q2 2026 adjusted EPS was USD 3.41, beating the USD 3.26 consensus by USD 0.15, while revenue reached USD 6.86 billion, up 11.5 percent year over year.

Q2 figures set the operating baseline

The Q2 result gives the target debate a measurable operating anchor. Union Pacific's USD 6.86 billion revenue also exceeded the USD 6.72 billion analyst estimate, while the USD 3.41 EPS figure compared with USD 3.03 in the prior-year quarter, according to MarketBeat.

That comparison puts the recent target cuts beside double-digit revenue growth, but the market is still pricing the shares below the published consensus targets. The next earnings release will test whether the operating improvement continues into Q3.

Q3 results arrive October 22

Union Pacific said on September 24, 2026, that it will release Q3 2026 results on October 22, 2026, at 7:45 a.m. ET, followed by a conference call at 8:45 a.m. ET. For investors, that date is the next company-specific checkpoint after the target revisions.

Union Pacific was trading at USD 277.39 on the NYSE at 1:48 p.m. ET on October 5, 2026. Its USD 164.8 billion market capitalization places the 52-week range at USD 215.53 to USD 315.99, with the price 12.22 percent below the high.