Canadian National Railway (CNI) Stock Forecast & Price Target

Canadian National Railway
Bull Case

Here are some ways that investors could benefit from investing in Canadian National Railway:

• Canadian National Railway recently set a new monthly record for grain movement in August 2026, moving 2.50 million metric tonnes of grain from Western Canada, which surpasses the previous record of 2.34 million metric tonnes set in August 2020 and signals strong network efficiency and added capacity supporting a robust start to the 2026-2027 crop year.
• The company demonstrated strong financial performance in its most recent earnings report on July 24, 2026, where it beat consensus estimates with an actual EPS of $1.50 compared to the expected $1.39, while also reporting actual revenue of $3,346.11 million against a consensus of $3,260.57 million, reflecting an 11.3% year-over-year revenue growth.
• Analyst sentiment has improved significantly, with the consensus rating shifting to a Moderate Buy as of August 21, 2026, accompanied by a consensus price target of $137.396, which suggests potential upside from the current stock price of $123.42.
• Canadian National Railway offers a defensive investment profile with a dividend yield of 2.17% and a beta of 0.94, indicating lower volatility relative to the broader market, which is attractive for investors seeking stability and income in a potentially weaker dollar environment.
• The stock has shown strong momentum, trading near its 52-week high of $131.55 and recently hitting a 52-week high of $129.54 on July 20, 2026, indicating sustained investor interest and positive price action over the past year.