Goldman Sachs Boosts Price Target for United Parcel Service (NYSE:UPS) Following Strong Q3 Earnings
Key points
- Goldman Sachs has reiterated its Buy rating on United Parcel Service (NYSE:UPS), raising its price target to $135.00.
- UPS reported strong third-quarter 2026 results, with adjusted earnings per share and revenue surpassing analyst estimates.
- The global shipping and logistics giant also increased its 2026 revenue and adjusted earnings outlook, signaling continued growth.
Goldman Sachs maintains its Buy rating on United Parcel Service (NYSE:UPS) and raises its price target to $135.00 from $132.00. With UPS stock trading at $106.14 when the update is posted, the new target is about 27% above that price. A price target is an analyst’s estimate of where a stock could trade in the future.
UPS delivers packages in the United States and abroad and provides supply chain services. It competes with companies including FedEx. The higher target follows UPS’s third-quarter 2026 results, which beat analyst estimates, as highlighted by Zacks. Adjusted earnings of $1.69 per share exceed the $1.63 estimate by 3.7%, though they are down 2.9% from a year earlier.
Revenue rises 6.7% to $22.85 billion, or 2.7% above the $22.25 billion estimate. Stronger pricing helps the results: international revenue per piece climbs 15%, and domestic operating profit rises 14.3%. Supply Chain Solutions operating profit falls 48.9% despite sales growth, showing that higher sales do not always lead to higher profit.
UPS raises its 2026 revenue outlook to $92.60 billion and its adjusted earnings forecast to $7.28 per share. Shares rise 5% to $105.01 in afternoon trading on October 27, 2026, ahead of freight and logistics peers, as highlighted by 24/7 Wall Street. They later reach $106.14, the price cited when Goldman Sachs posts its update.
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