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Investing.com - BMO Capital has raised its price target on Saia Inc. (NASDAQ:SAIA) to $340.00 from $280.00 while maintaining a Market Perform rating on the stock. The company, currently trading at $317.75, has shown strong volatility with a beta of 1.98. According to InvestingPro analysis, the stock appears slightly overvalued at current levels.
The research firm cited expectations for stronger-than-seasonal operating ratio performance in the third quarter of 2025 as a key factor behind the increased target.
BMO Capital noted that Saia’s network expansion efforts during a weak and volatile freight market had contributed to inconsistent performance in recent quarters.
The firm believes Saia now appears to be on an improving trajectory, assuming there is no setback in the demand environment.
BMO Capital added that a potential reacceleration in the freight cycle could unlock meaningful operating leverage for Saia and might warrant reconsidering the current Market Perform rating.
In other recent news, Saia Inc. reported its second-quarter 2025 results, which exceeded analyst expectations. The company announced adjusted earnings per share of $2.67, surpassing the consensus estimate of $2.39, and reported revenue of $817.12 million, beating the anticipated $810.94 million. These strong earnings results have led to increased confidence among analysts and investors. Stephens raised its price target for Saia to $300 from $274, maintaining an Equal Weight rating. Benchmark also increased its price target to $360 from $325, citing improvements in Saia’s operating ratio, which exceeded historical averages and their expectations. The company’s performance has been well-received, as reflected in these revised analyst projections.
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