Barclays analyst Eric Morgan maintains $Knight-Swift Transportation (KNX.US)$ with a buy rating, and maintains the target price at $68.
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 $Knight-Swift Transportation (KNX.US)$'s main analysts recently are as follows:
The increase in less than truckload multiples is indicative of market optimism for future prospects that extend past the present economic slump. A detailed analysis of the potential upcycle indicates the possibility of significant earnings growth through 2026. This analysis points to substantial volume potential for the sector, bolstered by gains in market share coupled with a resurgence in demand.
As the largest truckload carrier in the nation, Knight-Swift is considered to have substantial sensitivity to cyclical changes in volume, especially as the market transitions from a freight recession to an upcycle. Nonetheless, there is a belief that current high investor expectations could pose risks related to the cycle's progression. Despite Knight-Swift having one of the more adept management teams for weathering the freight recession, the potential for significant multiple contraction exists, which may offset any earnings growth benefits anticipated by investors.
Note:
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