CNI trades 8.0% below Wall Street's consensus target of $129.00.
Last 12 months price action with 12-month analyst target path
The base valuation assumes CNI achieves its forward estimates and maintains a stable P/E multiple of 14.4x. This scenario reflects the blended consensus of 51 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
As of September 24, 2026, Canadian National Railway Company (CNI) has a Wall Street consensus price target of $129.00, based on estimates from 51 covering analysts. With the stock currently trading at $119.49, this represents a potential upside of +8.0%. The company has a market capitalization of $72.28B.
Analyst price targets range from a low of $124.00 to a high of $138.00, representing a 11% spread in expectations. The median target of $127.00 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.
The current analyst consensus rating is Hold, with 17 analysts rating the stock as a Buy or Strong Buy,31 rating it Hold, and 3 rating it Sell or Strong Sell. The mixed ratings reflect uncertainty about near-term direction.
From a valuation perspective, CNI trades at a trailing P/E of 22.3x and forward P/E of 14.4x. The forward PEG ratio of 1.67 indicates reasonable valuation for growth. Analysts expect EPS to grow +5.5% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $196.12, with bear and bull scenarios of $123.55 and $258.41 respectively. Model confidence stands at 50/100, reflecting moderate uncertainty in projections.
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 CPCanadian Pacific Kansas City Ltd. | $77.6B | $88.28 | $110.40 | +25.1% | Buy | 16.7x | 43 |
 UNPUnion Pacific Corporation | $163.7B | $275.53 | $333.40 | +21.0% | Buy | 21.1x | 47 |
 CSXCSX Corporation | $87.4B | $47.19 | $51.06 | +8.2% | Buy | 23.5x | 46 |
 NSCNorfolk Southern Corporation | $70.8B | $315.01 | $367.57 | +16.7% | Hold | 24.3x | 48 |
 WABWestinghouse Air Brake Technologies Corporation | $49.4B | $292.31 | $326.50 | +11.7% | Buy | 26.9x | 34 |
 GATXGATX Corporation | $6.6B | $185.70 | $220.00 | +18.5% | Buy | 18.2x | 14 |
 TRNTrinity Industries, Inc. | $2.2B | $28.05 | $36.00 | +28.3% | Hold | 12.6x | 25 |
 CATCaterpillar Inc. | $374.0B | $812.02 | $985.58 | +21.4% | Buy | 29.8x | 56 |
 GEGE Aerospace | $331.8B | $319.80 | $411.60 | +28.7% | Buy | 40.4x | 35 |
 GNRCGenerac Holdings Inc. | $11.7B | $199.42 | $304.20 | +52.5% | Buy | 20.5x | 40 |
Quick answers to the most common questions about buying CNI stock.
The consensus price target for CNI is $129, close to the current price of $119.49 (8.0% implied move). Based on 51 analyst estimates, the stock appears fairly valued near current levels.
CNI has a consensus rating of "Hold" based on 51 Wall Street analysts. The rating breakdown is mixed, with 31 Hold ratings making up the largest segment. The consensus 12-month price target of $129 implies 8.0% upside from current levels.
With a forward P/E of 14.3863x, CNI trades at a relatively low valuation. The consensus target of $129 implies 8.0% appreciation, suggesting the market may be pricing in risks.
The most bullish Wall Street analyst has a price target of $138 for CNI, while the most conservative target is $124. The consensus of $129 represents the median expectation. Our quantitative valuation model projects a bull case target of $258 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
CNI is heavily covered by Wall Street, with 51 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 17 have Buy ratings, 31 recommend Hold, and 3 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month CNI stock forecast based on 51 Wall Street analysts shows a consensus price target of $129, with estimates ranging from $124 (bear case) to $138 (bull case). The median consensus rating is "Hold". Our proprietary valuation model produces a base case fair value of $196, with bear/bull scenarios of $124/$258.
Our quantitative valuation model calculates CNI's fair value at $196 (base case), with a bear case of $124 and bull case of $258. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 50/100.
CNI trades at a forward P/E ratio of 14.4x based on next-twelve-months earnings estimates compared to a trailing P/E of 22.3x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
CNI appears fairly valued according to analysts, with a "Hold" rating and minimal upside to the $129 target. Consider your investment thesis and risk tolerance. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
CNI analyst price targets range from $124 to $138, a 11% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $129 consensus represents the middle ground. Our model's $124-$258 range provides an independent fundamental perspective.
Live VCP patterns, Cup & Handle overlays, support/resistance, and AI trade plans.
High-probability breakout stocks crossing their pivot across 5 pattern engines.
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
Compare growth, multiples, and margins vs sector.