Norfolk Southern Stock Forecast

Stock Price Forecast

According to 20 analysts polled by S&P Global, Norfolk Southern stock has a consensus rating of "Hold" and an average price target of $335.71. The average 1-year stock price forecast is 11.87% higher than the current stock price, while the lowest is $297 (-1.03%) and the highest is $378 (+25.97%).

Price Target: $335.71 (+11.87%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$297	$335.71	$331	$378
Change	-1.03%	+11.87%	+10.30%	+25.97%

Analyst Ratings

The average analyst rating for Norfolk Southern stock is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Jan '26	Feb '26	Mar '26	Apr '26	May '26	Jun '26
Strong Buy	5	4	4	4	4	4
Buy	1	1	1	1	1	1
Hold	17	18	18	16	15	15
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	23	23	23	21	20	20

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Kristina Ruggeri Argus Research	Argus Research	Hold Maintains n/a	Hold	Maintains	n/a	n/a	Jun 10, 2026
Harrison Bauer Susquehanna	Susquehanna	Hold Maintains $330 → $337	Hold	Maintains	$330 → $337	+12.30%	Jun 5, 2026
Unknown Analyst Wells Fargo No rating	Wells Fargo	Buy Maintains $350	Buy	Maintains	$350	+16.64%	May 12, 2026
Thomas Wadewitz UBS	UBS	Hold Reiterates $342 → $327	Hold	Reiterates	$342 → $327	+8.97%	May 7, 2026
Brian Ossenbeck J.P. Morgan	J.P. Morgan	Hold Maintains $292 → $331	Hold	Maintains	$292 → $331	+10.30%	Apr 29, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

12.70B

from 12.18B

4.26%

from 12.18B

Revenue Next Year

13.26B

from 12.70B

4.45%

from 12.70B

EPS This Year

12.16

from 12.49

-2.65%

from 12.49

EPS Next Year

13.55

from 12.16

11.41%

from 12.16

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	11.14B	12.75B	12.16B	12.12B	12.18B	12.70B
Revenue Growth	13.82%	14.39%	-4.62%	-0.27%	0.47%	4.26%
Gross Profit	5.73B	6.03B	5.27B	5.93B	5.60B	4.26B
Gross Margin	51.43%	47.31%	43.31%	48.93%	45.95%	33.57%
Operating Income	4.55B	4.81B	3.97B	4.58B	4.20B	4.22B
Net Income	3.01B	3.27B	1.83B	2.62B	2.87B	2.67B
EPS	-	-	-	-	12.49	12.16
EPS Growth	-	-	-	-	5.40%	-2.65%
Forward PE	22.29	17.49	19.00	17.97	22.95	24.68
Dividend / Share	4.16	4.96	5.40	5.40	5.40	5.37
Dividend Growth	-	19.23%	8.87%	-	-	-0.47%
Free Cash Flow	2.47B	1.64B	1.54B	268.50M	1.45B	2.23B
No. Analysts	-	-	-	-	-	19

EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Revenue	2026	2027	2028
High	12.9B
Avg	12.7B
Low	12.5B

Revenue Growth

Revenue Growth	2026	2027	2028
High	6.2%
Avg	4.3%
Low	2.8%

EPS Forecast

EPS	2026	2027	2028
High	12.50
Avg	12.16
Low	11.85

EPS Growth

EPS Growth	2026	2027	2028
High	0.1%
Avg	-2.7%
Low	-5.1%