Knife River Consensus Price Target Lowered by 11.00% to $85.36
The average one-year price target for Knife River (NYSE:KNF) has been revised to $85.36 / share. This is a decrease of 11.00% from the prior estimate of $95.92 dated September 11, 2026. These figures represent aggregate analyst targets compiled by Fintel and do not constitute a recommendation orinvestment adviceby Fintel.
The price target is an average of many targets provided by analysts. The latest targets range from a low of $62.62 to a high of $123.90 / share. The average price target represents an increase of 69.61% from the latest reported closing price of $50.33 / share as of October 2, 2026. The median target decreased to $81.60 from a prior median of $98.25, representing an absolute median change of $16.65.
This revision marks a consecutive downward trend, with the target decreasing 6 times consecutively. Looking at the target history, the mean target was $105.55 on August 5, 2026, $97.16 on August 28, 2026, $95.92 on September 15, 2026, and reached $85.36 on October 2, 2026. The observed twelve-month high mean target was $108.65 on May 14, 2026, while the observed twelve-month low mean target was $85.36 on October 2, 2026. This represents a target change of -20.98% since the 90-day baseline date of July 1, 2026. In terms of stock performance, Knife River's price changed by -7.79% over one week from a baseline close of $54.58 on September 25, 2026, and changed by -17.82% over one month from a baseline close of $61.24 on September 2, 2026.
For context on the company's recent financial performance, Knife River reported its latest earnings on August 4, 2026. The actual earnings per share (EPS) was 0.77, which was below the estimated EPS of 1.1375, representing an EPS surprise of -32.31%. Actual revenue was $938,600,000.00, compared to an estimated $940,739,967.00, representing a revenue surprise of -0.23%. Recent analyst actions include B. Riley Securities maintaining a Buy rating on September 25, 2026, Oppenheimer maintaining an Outperform rating on September 24, 2026, Wells Fargo maintaining an Equal-Weight rating on September 9, 2026, and JP Morgan downgrading the stock from Neutral to Underweight on September 2, 2026. The recommendation trend for September 1, 2026, shows a total of 15 recommendations, with 73.3% positive, 26.7% hold, and 0.0% negative, compared to August 1, 2026, which had 14 total recommendations (71.4% positive, 21.4% hold, and 7.1% negative).
Knife River operates in the Commodity Chemicals GICS sub-industry. Within this sub-industry, 32 companies are covered, with 5 experiencing raised targets, 14 lowered, and 13 unchanged. The sub-industry median revision percent is 0.00%, with a median implied change percent of +33.33%. To provide broader industry context, several peers in the heavy construction materials space also saw revisions to their targets, showing mixed adjustments across the sector.
| Company | Target revision | Implied change |
|---|---|---|
| Vulcan Materials | -1.07% | +34.54% |
| Martin Marietta Materials | +1.18% | +38.02% |
| Eagle Materials | -2.46% | +29.51% |
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