Saia stock price hovered near $548.89 with muted volatility, as hedge funds adjusted positions ahead of monthly freight report releases. Traders monitor RSI levels for short-term momentum shifts. Saia isn’t a terrible business, but it isn’t one of our picks. After the recent surge, the stock trades at 36.1x forward price-to-earnings (or $557.50 per share). This multiple tells us a lot of good news is priced in - we think there are better opportunities elsewhere. We’d recommend looking at KLA Corporation, a picks and shovels play for semiconductor manufacturing . Shares of freight transportation and logistics provider Saia (NASDAQ:SAIA) fell 3.9% in the afternoon session after Evercore ISI Group lowered its price target on the stock, though it maintained its "Outperform" rating. Analyst Jonathan Chappell cut the price target to $328 from $345, marking a nearly 5% reduction. This decision followed a period of weaker performance for the less-than-truckload transportation company. Saia had previously reported underwhelming sales. The company also faced challenges with profitability in some of its recently acquired markets, which did not perform as well as its legacy business. Furthermore, management had expressed concern about macroeconomic uncertainty affecting future shipping volumes. Saia stock price is currently at $549.50, outperforming regional trucking peers due to superior delivery efficiency metrics reported in the latest industry survey.