JPMorgan cuts target for Knife River stock from USD 73.00 to USD 63.00

Published on 10/14/2026 at 03:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached USD 938.59 million, up 13.00 percent year over year. For Knife River stock, the next report is November 3, 2026.

Analyst actions and reporting dates

JPMorgan lowered its Knife River target from USD 73.00 to USD 63.00 on October 13, 2026.
Knife River reported USD 938.59 million in second-quarter revenue and USD 0.77 diluted earnings per share.
Knife River's next quarterly report is scheduled for November 3, 2026.

KNF, US4988941047, Illustration mit AI erstellt.

JPMorgan analyst Adrian Huerta lowered the price target for Knife River (ISIN US4988941047) to USD 63.00 from USD 73.00 on October 13, 2026, while keeping an Underweight rating, Markets Insider reported. Knife River was last at USD 48.97 on the NYSE on October 13, 2026 at 4:00 p.m. ET, with a market capitalization of USD 2.8 billion.

Three dated pressure points

On October 13, 2026, JPMorgan cut its target by USD 10.00 while retaining its Underweight view, placing the new target USD 14.03 above the last NYSE price. On October 9, 2026, RBC Capital downgraded Knife River to Sector Perform from Outperform and cut its target to USD 58.00 from USD 103.00, Investing.com reported.

On August 4, 2026, Knife River reported USD 938.59 million of revenue for the second quarter, up 13.00 percent year over year, and diluted earnings per share of USD 0.77 versus a USD 1.75 forecast. The company raised full-year 2026 revenue guidance to USD 3.4 billion-USD 3.6 billion and reaffirmed adjusted EBITDA guidance of USD 520.0 million-USD 560.0 million, according to Investing.com.

What do the targets imply?

The analyst reset is significant in dollar terms: RBC's USD 45.00 reduction was larger than JPMorgan's USD 10.00 cut. Both actions point to margin pressure as a central valuation issue, while Knife River's revenue growth and raised sales outlook provide a counterweight to the earnings-per-share shortfall.

Next reporting date

Knife River's next quarterly report is scheduled for November 3, 2026, according to Wallstreet Online. The date gives investors a defined checkpoint for the company's response to fuel costs, project delays and contract pricing.

Market context for Knife River

Knife River's USD 48.71-USD 96.28 52-week range, measured as of October 13, 2026, places the latest NYSE price near the lower end of its annual band. The combination of a USD 2.8 billion market value, second-quarter revenue growth and lower analyst targets leaves the next report focused on whether earnings performance can catch up with sales expansion.