Saia stock falls 3.09 percent as BofA cuts target to USD 400

Published on 09/25/2026 at 11:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Saia stock stood at USD 333.22 on September 24, 2026, after BofA cut its target to USD 400. Q2 revenue reached USD 956.494 million, up 17.1 percent.

SAIA, US78440P1084, Illustration mit AI erstellt.

Saia stock (ISIN US78440P1084) fell 3.09 percent to USD 333.22 on the Nasdaq Global Select Market on September 24, 2026, leaving the shares 32.6 percent below the 52-week high of USD 494.71. The latest analyst revision keeps the debate centered on freight volume and network economics.

BofA lowers its target

According to Investing.com on September 4, 2026, BofA Securities reduced its Saia price target from USD 450 to USD 400 and retained a Buy rating. The new target lies 20.0 percent above the September 24 price, a gap that quantifies the market's skepticism about execution and valuation.

BofA cited August tonnage per day of 8.7 percent year over year, above its 7.0 percent target. August shipments per day rose 1.1 percent, while weight per shipment increased 7.5 percent, according to the same dated report.

Q2 revenue sets a record

TradingView reported on September 1, 2026, that Saia's Q2 2026 revenue reached USD 956.5 million, up 17.1 percent from the prior-year quarter. Operating income rose 26 percent to USD 125 million, while diluted EPS increased 31.5 percent to USD 3.51.

The operating ratio improved to 86.9 percent from 87.8 percent in the prior-year quarter. That 0.9 percentage-point improvement matters because Saia's revenue growth is translating into better operating leverage, even as the stock remains below its yearly high.

August volume supports the thesis

Saia's September 3, 2026 filing showed July-to-August momentum in core freight measures. August tonnage per workday rose 8.7 percent year over year, compared with 7.8 percent in July, while weight per shipment accelerated from 7.0 percent to 7.5 percent.

The Nasdaq filing also reported third-quarter-to-date tonnage growth of 8.3 percent through August. The figures support the volume side of the investment case, while the target reduction from BofA highlights the valuation and pricing risks attached to that growth.

Saia stock remains below its high

Saia stock stood at USD 333.22 on the Nasdaq Global Select Market on September 24, 2026, at 4:00 p.m. ET. The session range was USD 332.38 to USD 344.75, volume was 297,429 shares, and market capitalization was USD 8.889 billion.