Saia price target raised to $793 from $600 at Deutsche Bank

Deutsche Bank raised the firm’s price target on Saia to $793 from $600 and keeps a Buy rating on the shares. The analyst thinks Saia can trade at over $1,000 per share by year end 2026, double current levels and equating to a net present value of $793. This assumes the company’s revenue share among the public less than truckload carriers grows to 12.6% by 2027 from 7.8% currently, the analyst tells investors in a research note. The firm thinks the assumptions underlying its projections are “very reasonable” and it has “high conviction on the path ahead.”