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StocksMedium•12 February 2026•

1 min read

Stephens Lifts Wabtec (WAB) Price Target to $290 on Strong Q4 and Record Backlog

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Stephens has raised its price target for Wabtec (NYSE:WAB) to $290.00 from $230.00, while maintaining an "overweight" rating. This adjustment implies a potential upside of 14.2% for the stock, reflecting the firm's confidence in Wabtec's future performance. The upgrade follows Wabtec's robust fourth-quarter results, where the company surpassed both earnings per share (EPS) and revenue expectations. Key drivers for the positive outlook include a record backlog of approximately $27 billion, signaling strong future demand. Furthermore, Wabtec approved a $1.2 billion share buyback program and successfully completed the acquisition of Dellner Couplers. These strategic moves underscore the company's commitment to enhancing shareholder value and expanding its market presence.