NSC trades 11.8% below Wall Street's consensus target of $335.57.
Last 12 months price action with 12-month analyst target path
The base valuation assumes NSC achieves its forward estimates and maintains a stable P/E multiple of 24.7x. This scenario reflects the blended consensus of 48 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
As of June 22, 2026, Norfolk Southern Corporation (NSC) has a Wall Street consensus price target of $335.57, based on estimates from 48 covering analysts. With the stock currently trading at $300.08, this represents a potential upside of +11.8%. The company has a market capitalization of $67.39B.
Analyst price targets range from a low of $310.00 to a high of $360.00, representing a 15% spread in expectations. The median target of $330.00 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.
The current analyst consensus rating is Hold, with 21 analysts rating the stock as a Buy or Strong Buy,24 rating it Hold, and 3 rating it Sell or Strong Sell. The mixed ratings reflect uncertainty about near-term direction.
From a valuation perspective, NSC trades at a trailing P/E of 23.5x and forward P/E of 24.7x. The forward PEG ratio of 2.42 reflects a premium valuation.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $331.96, with bear and bull scenarios of $209.14 and $437.40 respectively. Model confidence stands at 52/100, reflecting moderate uncertainty in projections.
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
CSXCSX Corporation | $84.8B | $45.63 | $46.15 | +1.1% | Buy | 23.8x | 46 |
UNPUnion Pacific Corporation | $152.5B | $256.88 | $293.30 | +14.2% | Buy | 20.4x | 47 |
CPCanadian Pacific Kansas City Ltd. | $77.2B | $86.03 | $106.60 | +23.9% | Buy | 16.8x | 43 |
WABWestinghouse Air Brake Technologies Corporation | $46.5B | $273.83 | $305.00 | +11.4% | Buy | 25.8x | 34 |
RAILFreightCar America, Inc. | $296M | $9.32 | — | — | Hold | 20.4x | 13 |
TRNTrinity Industries, Inc. | $2.8B | $34.47 | $35.00 | +1.5% | Hold | 14.8x | 25 |
UPSUnited Parcel Service, Inc. | $89.2B | $105.00 | $115.23 | +9.7% | Hold | 14.8x | 45 |
FDXFedEx Corporation | $77.8B | $326.20 | $343.24 | +5.2% | Buy | 16.4x | 49 |
CATCaterpillar Inc. | $458.7B | $985.82 | $882.20 | -10.5% | Buy | 40.0x | 53 |
GEGE Aerospace | $373.7B | $357.64 | $380.14 | +6.3% | Buy | 47.4x | 34 |
Quick answers to the most common questions about buying NSC stock.
Norfolk Southern Corporation (NSC) has a consensus 12-month price target of $335.57, implying 11.8% upside from $300.08. The 48 analysts covering NSC see moderate appreciation potential.
NSC has a consensus rating of "Hold" based on 48 Wall Street analysts. The rating breakdown is mixed, with 24 Hold ratings making up the largest segment. The consensus 12-month price target of $335.57 implies 11.8% upside from current levels.
NSC trades at a forward P/E of 24.6868x, representing a moderate valuation. With analysts targeting $335.57 (11.8% implied move), the stock appears reasonably valued with upside.
The most bullish Wall Street analyst has a price target of $360 for NSC, while the most conservative target is $310. The consensus of $335.57 represents the median expectation. Our quantitative valuation model projects a bull case target of $437 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
NSC is heavily covered by Wall Street, with 48 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 21 have Buy ratings, 24 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 NSC stock forecast based on 48 Wall Street analysts shows a consensus price target of $335.57, with estimates ranging from $310 (bear case) to $360 (bull case). The median consensus rating is "Hold". Our proprietary valuation model produces a base case fair value of $332, with bear/bull scenarios of $209/$437.
Our quantitative valuation model calculates NSC's fair value at $332 (base case), with a bear case of $209 and bull case of $437. 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 52/100.
NSC trades at a forward P/E ratio of 24.7x based on next-twelve-months earnings estimates compared to a trailing P/E of 23.5x. The higher forward P/E suggests near-term earnings pressure. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Wall Street analysts are optimistic on NSC, with a "Hold" consensus rating and $335.57 price target (11.8% upside). 21 of 48 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.
NSC analyst price targets range from $310 to $360, a 15% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $335.57 consensus represents the middle ground. Our model's $209-$437 range provides an independent fundamental perspective.
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