Why Shares in Knight-Swift Transportation Crashed This Week

Knight-Swift Transportation stock declined 11.4% this week following a Citi analyst downgrade to neutral from buy. While the price target was raised to $90 from $72, the analyst cited elevated optimism and concerns that the market has already priced in a strong trucking recovery for 2026. The stock's valuation appears stretched relative to expected earnings, with the recovery's strength being the key factor that will determine if current valuations are justified.