Barclays analyst Eric Morgan maintains $Saia (SAIA.US)$ with a buy rating, and adjusts the target price from $515 to $620.
According to TipRanks data, the analyst has a success rate of 70.3% and a total average return of 32.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Saia (SAIA.US)$'s main analysts recently are as follows:
The firm has indicated that the significantly increased multiples for less than truckload carriers are demonstrating the market's optimism for future prospects, beyond the present downturn. A re-evaluated analysis anticipates substantial earnings growth potential extending to 2026. The analysis further implies that there is ample opportunity for volume growth within this sector, bolstered by gains in market share in addition to a resurgence in demand.
Sentiment for North America transports seems to have quickly advanced, despite a blend of Q3 earnings outcomes and predominantly guarded Q4 forecasts. There is a concern that investors might be pursuing shares that have already experienced significant increases, with the expectation that companies will surpass estimates substantially to validate present valuations. Additionally, there appears to be a growing risk that earnings in 2025 might fall short of expectations.
Note:
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