Knight-Swift Transportation Holdings Inc. (NYSE:KNX) is among the 10 best non-tech stocks to buy and hold for 5 years On March 4, Barclays analyst Brandon Oglenski raised the firmโ€™s price target on Knight-Swift Transportation Holdings Inc. (NYSE:KNX) to $75 from $65 and maintained an Overweight rating on the shares. The firm says that with February spot rates up 25%, ongoing regulatory enforcement, and fresh signs of demand upside, the truckload market appears to have finally turned a corner. In his note, Oglenski also said that he sees potential for double-digit contract renewals for Knight-Swift Transportation Holdings Inc. (NYSE:KNX) later this year.

Meanwhile, on March 2, Stifel reiterated its Buy rating on Knight-Swift Transportation (NYSE:KNX) and five other logistics companies, citing price support in ocean container shipping rates from longer Asia-Europe transit times and higher fuel-surcharges revenues from temporarily elevated fuel prices as key benefits. The analyst said recent geopolitical developments in the Middle East present mostly favorable implications for the transportation and logistics sector. The firm also said that it maintains a selective approach to Buy recommendations, preferring high-quality names, companies with direct exposure to regulatory supply exits, those with idiosyncratic margin improvement opportunities, secular growth prospects, or unreasonably discounted valuations.

Image courtesy Pixabay

Knight-Swift Transportation Holdings Inc. (NYSE:KNX) provides multiple truckload transportation and logistics services, operating through segments such as truckload, logistics, and intermodal.

While we acknowledge the potential of KNX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None.  Follow Insider Monkey on Google News.