KNF trades 62.9% below Wall Street's consensus target of $82.00.
Last 12 months price action with 12-month analyst target path
The base valuation assumes KNF achieves its forward estimates and maintains a stable P/E multiple of 18.2x. This scenario reflects the blended consensus of 8 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
As of October 3, 2026, Knife River Corporation (KNF) has a Wall Street consensus price target of $82.00, based on estimates from 8 covering analysts. With the stock currently trading at $50.33, this represents a potential upside of +62.9%. The company has a market capitalization of $2.86B.
Analyst price targets range from a low of $62.00 to a high of $103.00, representing a 50% spread in expectations. The median target of $80.00 aligns closely with the consensus average.
The current analyst consensus rating is Buy, with 6 analysts rating the stock as a Buy or Strong Buy,1 rating it Hold, and 1 rating it Sell or Strong Sell. This overwhelmingly bullish sentiment suggests analysts see significant catalysts for upside ahead.
From a valuation perspective, KNF trades at a trailing P/E of 18.2x and forward P/E of 18.2x. Analysts expect EPS to grow +12.4% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $61.75, with bear and bull scenarios of $38.91 and $81.37 respectively. Model confidence stands at 51/100, reflecting moderate uncertainty in projections.
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 MLMMartin Marietta Materials, Inc. | $29.0B | $482.49 | $645.80 | +33.8% | Buy | 26.7x | 40 |
 VMCVulcan Materials Company | $31.5B | $243.06 | $314.63 | +29.4% | Buy | 26.7x | 36 |
 USLMUnited States Lime & Minerals, Inc. | $3.2B | $111.01 | $138.00 | +24.3% | Buy | 22.0x | 1 |
 CRHCRH plc | $54.8B | $81.94 | $135.51 | +65.4% | Buy | 14.1x | 21 |
 EXPEagle Materials Inc. | $5.3B | $171.36 | $213.00 | +24.3% | Buy | 13.3x | 25 |
 MDUMDU Resources Group, Inc. | $3.9B | $18.61 | $25.00 | +34.3% | Buy | 19.0x | 19 |
 ROADConstruction Partners, Inc. | $5.1B | $91.08 | $140.33 | +54.1% | Buy | 29.3x | 9 |
 CATCaterpillar Inc. | $389.4B | $845.42 | $985.58 | +16.6% | Buy | 31.0x | 56 |
 DEDeere & Company | $185.4B | $687.00 | $731.20 | +6.4% | Buy | 37.9x | 46 |
 TEXTerex Corporation | $4.2B | $56.71 | $82.50 | +45.5% | Buy | 11.2x | 31 |
Quick answers to the most common questions about buying KNF stock.
The consensus Wall Street price target for KNF is $82, representing 62.9% upside from the current price of $50.33. With 8 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.
KNF has a consensus rating of "Buy" based on 8 Wall Street analysts. The rating breakdown is predominantly bullish, with 6 Buy/Strong Buy ratings. The consensus 12-month price target of $82 implies 62.9% upside from current levels.
With a forward P/E of 18.1559x, KNF trades at a relatively low valuation. The consensus target of $82 implies 62.9% appreciation, suggesting meaningful undervaluation.
The most bullish Wall Street analyst has a price target of $103 for KNF, while the most conservative target is $62. The consensus of $82 represents the median expectation. Our quantitative valuation model projects a bull case target of $81 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
KNF is moderately covered, with 8 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 6 have Buy ratings, 1 recommend Hold, and 1 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month KNF stock forecast based on 8 Wall Street analysts shows a consensus price target of $82, with estimates ranging from $62 (bear case) to $103 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $62, with bear/bull scenarios of $39/$81.
Our quantitative valuation model calculates KNF's fair value at $62 (base case), with a bear case of $39 and bull case of $81. 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 51/100.
KNF trades at a forward P/E ratio of 18.2x based on next-twelve-months earnings estimates compared to a trailing P/E of 18.2x. 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.
Wall Street analysts are very optimistic on KNF, with a "Buy" consensus rating and $82 price target (62.9% upside). 6 of 8 analysts rate it Buy or Strong Buy. 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.
KNF analyst price targets range from $62 to $103, a 50% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $82 consensus represents the middle ground. Our model's $39-$81 range provides an independent fundamental perspective.
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