
CNI Stock Forecast & Price Target
CNI Analyst Ratings
Bulls say
Canadian National Railway's stock outlook is bolstered by robust revenue growth of CAD 17 billion in 2024, driven by intermodal containers, petroleum and chemicals, and grain and fertilizers, which collectively account for a significant portion of its revenue. The company's fourth-quarter revenue of CAD 4.464 billion in Q4/25 reflects a year-over-year increase of 2%, supported by a 4.1% rise in revenue ton miles (RTMs), particularly from intermodal and grain sectors, demonstrating strong operational performance. Furthermore, labor productivity improved significantly, with a 14% year-over-year increase, alongside enhanced locomotive productivity and a record locomotive availability rate, indicating operational efficiency that positions CN favorably for future growth.
Bears say
Canadian National Railway's outlook appears negative due to a projected decline in revenue ton-mile (RTM) growth, forecasted to slow to +1.1% in 2026, alongside a concerning trend of decreased volumes in higher-yield merchandise segments, which adversely affected yield by -0.9% year-over-year. The forest products segment has faced a significant downgrade in estimates, now expected to contract by -6% amid an already challenging operating environment exacerbated by mill closures and curtailments. Additionally, ongoing risks such as severe weather, currency fluctuations, and economic volatility pose further challenges to growth prospects and operational stability.
This aggregate rating is based on analysts' research of Canadian National Railway Company and is not a guaranteed prediction by Public.com or investment advice.
CNI Analyst Forecast & Price Prediction
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