Pittsburgh, Pennsylvania-based Westinghouse Air Brake Technologies Corporation (WAB) provides technology-based locomotives, equipment, systems, and services for the freight rail and passenger transit industries worldwide. With a market cap of $35 billion, the company operates under the Transit and Freight segments.

WAB has outperformed the broader market over the past year and in 2025. WAB’s stock prices have grown 18.1% over the past 52 weeks and 5.9% on a YTD basis, compared to the S&P 500 Index’s ($SPX) 9.8% gains over the past year and a marginal decline in 2025.

Narrowing the focus, WAB has also outperformed the iShares Environmental Infrastructure and Industrials ETF’s (EFRA) 1% rise over the past 52 weeks, but has lagged behind EFRA’s 7.5% uptick in 2025.

WAB shares grew 5.9% following the release of its impressive Q1 earnings on Apr. 23. The company’s net sales grew 4.5% year-over-year to $2.6 billion, driven by a growth in net sales in both of its segments. Moreover, its adjusted operating margin came in at 21.7%, compared to 19.8% in the previous year’s quarter, and drove its adjusted operating income to grow 14.1% year-over-year to $565 million. Furthermore, WAB’s adjusted EPS increased 20.6% from the prior year’s quarter to $2.28 and surpassed the Wall Street estimates by 13.4%.

For the current fiscal year, ending in December, analysts expect WAB to report an impressive 15.3% year-over-year increase in adjusted EPS to $8.72. The company has a mixed earnings surprise history. It has surpassed the Street’s bottom-line estimates in three of the past four quarters, while missing on one occasion.

WAB has a consensus “Moderate Buy” rating overall. Of the 11 analysts covering the stock, opinions include six “Strong Buys” and five “Holds.”

This configuration has remained mostly stable in recent months.

On Apr. 23, Goldman Sachs (GS) analyst Jerry Revich maintained a “Hold” rating on WAB stock and raised its price target from $175 to $201.

WAB’s mean price target of $212.91 indicates a modest premium of 6% from the current market prices. While the Street-high target of $231 suggests a notable 15% upside potential.