Evercore ISI Group Upgrades Saia, Inc. to 'Buy'
Evercore ISI Group raises its rating on Saia, Inc. to 'buy' with a $493 target, a 17.14% upside from the current price.
Key Points
- Evercore ISI Group upgraded Saia, Inc. to a 'buy' with a new price target of $493 on July 1, 2026.
- Evercore ISI Group's $493 price target implies 17.14% upside from Saia, Inc.'s ($SAIA) current $420.88 share price.
- Shares of Saia, Inc. traded near $421.44 on Wednesday, with a market cap of approximately $11.2 billion.
- Other analysts have maintained mixed ratings, with Citigroup recently downgrading to 'hold'.
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On July 1, 2026, Evercore ISI Group analyst Jonathan Chappell upgraded Saia, Inc. (NasdaqGS:SAIA) to a 'buy' rating, setting a new price target of $493. This move reflects a positive outlook on the company's prospects.
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Saia, Inc. Stock Up 19.5%
Shares of Saia, Inc. traded near $421.44 on Wednesday. The company, with a market cap of about $11.2 billion, operates in the trucking industry. It has a P/E ratio of 44.3 and a forward P/E of 29.0. Saia's stock has seen a 52-week low of $249.32 and a high of $494.71. The stock's 50-day moving average is $450.87, while the 200-day moving average is $363.57. The company's current ratio is 1.52, and its debt-to-equity ratio is 9.97.
$SAIA price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Analysts Set New Price Targets
On July 1, 2026, Evercore ISI Group upgraded Saia, Inc. to a 'buy' rating with a $493 price target. Previously, on June 23, 2026, Goldman Sachs maintained its 'buy' rating with a target of $494. Citigroup downgraded its rating to 'hold' on June 15, 2026, with a target of $524. JP Morgan maintained a 'buy' rating on June 8, 2026, with a target of $490. Overall, the consensus among analysts is a 'buy', with an average target price of $456.75 based on 20 analyst opinions.
Insider Buying and Selling at Saia, Inc.
Several insider transactions occurred recently at Saia, Inc. On May 20, 2026, EVP & CHRO Anthony Norwood sold 292 shares at an average price of $468.77. President & CEO Frederick Holzgrefe III made multiple transactions in May, buying and selling 10,000 shares each on May 13, 2026, at $431.42 per share. Holzgrefe also executed a similar transaction on May 11, 2026, without a disclosed price. Additionally, insider Donald James purchased 395 shares on May 4, 2026.
About Saia, Inc.
Saia, Inc. is a transportation company headquartered in Johns Creek, Georgia. Operating in the industrials sector, specifically trucking, Saia provides less-than-truckload services across North America, handling shipments between 100 and 10,000 pounds. The company also offers brokered truckload, expedited transportation, and other logistics services. As of the end of 2025, Saia operated 213 terminals and owned a fleet of approximately 7,700 tractors and 26,500 trailers. Founded in 1924, the company is led by CEO Frederick J. Holzgrefe III.
Bottom Line
Evercore ISI Group's upgrade of Saia, Inc. to a 'buy' with a $493 target underscores a positive sentiment about the company's future. Investors watch these ratings closely as they provide insights into market expectations. It's important to note that such analyst ratings are based on projections and can change with market conditions.
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