Canadian National Railway (CNI) Stock Forecast & Price Target

$127.81 +0.71 (+0.56%)

Closing price 07/22/2026 03:59 PM Eastern

Extended Trading

$127.98 +0.17 (+0.13%)

As of 07:46 AM Eastern

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Canadian National Railway - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Moderate Buy

Based on 16 Analyst Ratings

Sell
0

Hold
8

Buy
8

Based on 16 Wall Street analysts who have issued ratings for Canadian National Railway in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 16 analysts, 8 have given a hold rating, and 8 have given a buy rating for CNI.

Consensus Price Target

$132.12
3.37% Upside

According to the 16 analysts' twelve-month price targets for Canadian National Railway, the average price target is $132.12. The highest price target for CNI is $178.00, while the lowest price target for CNI is $100.00. The average price target represents a forecasted upside of 3.37% from the current price of $127.81.

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

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CNI Analyst Ratings Over Time

Type	Current Forecast 7/23/25 to 7/23/26	1 Month Ago 6/23/25 to 6/23/26	3 Months Ago 4/24/25 to 4/24/26	1 Year Ago 7/23/24 to 7/23/25
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	2 Strong Buy rating(s)
Buy	8 Buy rating(s)	9 Buy rating(s)	9 Buy rating(s)	7 Buy rating(s)
Hold	8 Hold rating(s)	10 Hold rating(s)	10 Hold rating(s)	9 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$132.12	$123.24	$119.14	$118.36
Forecasted Upside	3.37% Upside	7.40% Upside	3.84% Upside	22.66% Upside
Consensus Rating	Moderate Buy	Hold	Hold	Hold

CNI Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

CNI Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Canadian National Railway Stock vs. The Competition

Type	Canadian National Railway	Transportation Companies	Broader Market
Consensus Rating Score	2.50	2.20	2.52
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	3.37% Upside	24.36% Upside	14.59% Upside
News Sentiment Rating	Positive News See Recent CNI News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export

Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
7/15/2026	Citizens Jmp 4 of 5 stars		Initiated Coverage	Market Perform
7/14/2026	Susquehanna 4 of 5 stars	Bascome Majors 4 of 5 stars	Reiterated Rating	Positive ➝ Neutral	$138.00 ➝ $140.00	+11.68%
7/9/2026	Weiss Ratings 5 of 5 stars		Downgrade	Hold (C+) ➝ Hold (C)
7/9/2026	Citigroup Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Ariel Rosa Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$124.00 ➝ $141.00	+13.27%
7/8/2026	Stephens Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold
7/8/2026	Wells Fargo & Company Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Christian Wetherbee Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Overweight	$110.00 ➝ $135.00	+10.62%
6/25/2026	National Bank Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Jonathan Chappell Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Set Target		$124.00	+6.94%
6/25/2026	Barclays Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Brandon Oglenski Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Equal Weight	$99.00 ➝ $109.00	-9.42%
6/25/2026	Canadian Imperial Bank of Commerce Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Kevin Chiang Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Outperformer	C$182.00 ➝ C$185.00
6/25/2026	Evercore Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	In-Line ➝ Outperform	$124.00	+6.94%
Get the Latest News and Ratings for CNI and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Canadian National Railway and its competitors with MarketBeat's FREE daily newsletter.
6/23/2026	Bank of America Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Ken Hoexter Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$132.00 ➝ $134.00	+16.16%
4/30/2026	Royal Bank Of Canada Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Walter Spracklin Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Outperform	$160.00 ➝ $178.00	+59.78%
3/31/2026	Sanford C. Bernstein Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	David Vernon Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Market Perform	$113.88 ➝ $117.36	+15.98%
2/2/2026	BMO Capital Markets Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Outperform
2/2/2026	UBS Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Strong-Buy ➝ Hold
1/5/2026	Vertical Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold ➝ Buy
11/28/2025	Zacks Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Strong Sell ➝ Hold
7/23/2025	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Overweight ➝ Neutral
7/17/2025	Raymond James Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Market Perform ➝ Outperform
6/27/2025	Argus Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Kristina Ruggeri Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Hold
4/14/2025	Stifel Nicolaus Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Benjamin Nolan Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Buy	$125.00 ➝ $115.00	+15.13%
4/9/2025	Jefferies Financial Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Stephanie Moore Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Buy	$120.00 ➝ $110.00	+18.02%
2/3/2025	Loop Capital Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Rick Paterson Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Downgrade	Hold ➝ Sell
1/13/2025	TD Securities Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Cherilyn Radbourne Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Hold ➝ Strong-Buy
10/24/2024	Benchmark Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Hold
10/23/2024	Veritas Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	D. Fong Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Hold ➝ Strong-Buy
10/9/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Lower Target	Sell	$131.00 ➝ $124.00	+9.16%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 07:58 AM ET.

Should I Buy Canadian National Railway Stock? CNI Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, July 22, 2026. Please send any questions or comments about these Canadian National Railway pros and cons to contact@marketbeat.com.

Canadian National Railway
Bull Case

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

The current stock price is around $141, reflecting a positive outlook from analysts who have recently upgraded their price targets.
Canadian National Railway reported a strong net margin of over 27%, indicating efficient management and profitability, which can lead to higher returns for investors.
The company has a solid return on equity of approximately 21.90%, suggesting effective use of shareholders' equity to generate profits.
With a quarterly dividend of $0.915 per share, Canadian National Railway offers a reliable income stream, appealing to income-focused investors.
Analysts expect the company to post an EPS of 5.68 for the current year, indicating potential growth in earnings and a positive investment outlook.

Canadian National Railway
Bear Case

Investors should be bearish about investing in Canadian National Railway for these reasons:

The company's quarterly revenue was down about 0.5% compared to the same quarter last year, which may raise concerns about growth sustainability.
Despite a strong net margin, the earnings per share (EPS) of $1.31 for the latest quarter did not show growth compared to the previous year's EPS of $1.85, indicating potential challenges in maintaining profitability.
The payout ratio is currently at 48.55%, which, while manageable, suggests that nearly half of the earnings are being distributed as dividends, potentially limiting reinvestment in growth opportunities.
Market sentiment may be cautious as the stock has received a mix of ratings, with nine analysts rating it as a Buy and ten as a Hold, indicating uncertainty in its future performance.
Recent price target adjustments by analysts show a range of opinions, which may reflect volatility and differing views on the company's future prospects.

CNI Forecast - Frequently Asked Questions

According to the research reports of 16 Wall Street equities research analysts, the average twelve-month stock price forecast for Canadian National Railway is $132.12, with a high forecast of $178.00 and a low forecast of $100.00.

16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Canadian National Railway in the last twelve months. There are currently 8 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CNI shares.

According to analysts, Canadian National Railway's stock has a predicted upside of 3.37% based on their 12-month stock forecasts.

Over the previous 90 days, Canadian National Railway's stock had 4 upgrades and 2 downgrades by analysts.

Canadian National Railway has been rated by research analysts at Bank of America, Barclays, Canadian Imperial Bank of Commerce, Citigroup, Citizens Jmp, Evercore, National Bank Financial, Royal Bank Of Canada, Stephens, Susquehanna, Weiss Ratings, and Wells Fargo & Company in the past 90 days.

Analysts like Canadian National Railway more than other "transportation" companies. The consensus rating for Canadian National Railway is Moderate Buy while the average consensus rating for "transportation" companies is Hold. Learn more on how CNI compares to other companies.

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This page (NYSE:CNI) was last updated on 7/23/2026 by MarketBeat.com Staff.

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Canadian National Railway (CNI) Stock Forecast & Price Target

Canadian National Railway - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Consensus Price Target

CNI Analyst Ratings Over Time

CNI Analyst Recommendations By Month

CNI Price Targets by Month

Canadian National Railway Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

Should I Buy Canadian National Railway Stock? CNI Pros and Cons Explained

Canadian National Railway
Bull Case

Canadian National Railway
Bear Case

CNI Forecast - Frequently Asked Questions

Stock Forecasts and Research Tools

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With Canadian National Railway Recommendations

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Canadian National Railway (CNI) Stock Forecast & Price Target

Canadian National Railway - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Consensus Price Target

CNI Analyst Ratings Over Time

CNI Analyst Recommendations By Month

CNI Price Targets by Month

Canadian National Railway Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

Should I Buy Canadian National Railway Stock? CNI Pros and Cons Explained

Canadian National Railway Bull Case

Canadian National Railway Bear Case

CNI Forecast - Frequently Asked Questions

What is Canadian National Railway's forecast for 2026?

Should I buy or sell Canadian National Railway stock right now?

Does Canadian National Railway's stock price have much upside?

Has Canadian National Railway been upgraded or downgraded by Wall Street analysts recently?

What analysts cover Canadian National Railway?

Do Wall Street analysts like Canadian National Railway more than its competitors?

Stock Forecasts and Research Tools

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With Canadian National Railway Recommendations

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

Canadian National Railway
Bull Case

Canadian National Railway
Bear Case