FedEx (FDX) Stock Forecast & Price Target

$274.35

+0.50 (+0.18%)

(As of 11/1/2024 ET)

FedEx - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 27 Analyst Ratings

Sell
2

Hold
8

Buy
17

Based on 27 Wall Street analysts who have issued ratings for FedEx in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 27 analysts, 2 have given a sell rating, 8 have given a hold rating, and 17 have given a buy rating for FDX.

Consensus Price Target

$314.17
14.51% Upside

According to the 27 analysts' twelve-month price targets for FedEx, the average price target is $314.17. The highest price target for FDX is $350.00, while the lowest price target for FDX is $200.00. The average price target represents a forecasted upside of 14.51% from the current price of $274.35.

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FDX Analyst Ratings Over Time

Type	Current Forecast 11/3/23 to 11/2/24	1 Month Ago 10/4/23 to 10/3/24	3 Months Ago 8/5/23 to 8/4/24	1 Year Ago 11/3/22 to 11/3/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	17 Buy rating(s)	16 Buy rating(s)	18 Buy rating(s)	16 Buy rating(s)
Hold	8 Hold rating(s)	8 Hold rating(s)	6 Hold rating(s)	7 Hold rating(s)
Sell	2 Sell rating(s)	2 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$314.17	$314.74	$314.00	$282.54
Forecasted Upside	14.51% Upside	20.09% Upside	7.42% Upside	14.34% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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FDX Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

FDX Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

FedEx Stock vs. The Competition

Type	FedEx	Transportation Companies	S&P 500
Consensus Rating Score	2.56	2.55	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	14.51% Upside	36.64% Upside	10.56% Upside
News Sentiment Rating	Neutral News See Recent FDX News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/9/2024	Citigroup 3 of 5 stars	A. Rosa Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$301.00	+15.20%
9/23/2024	Loop Capital 2 of 5 stars		Lower Target	Hold ➝ Hold	$317.00 ➝ $288.00	+13.10%
9/20/2024	Hsbc Global Res 0 of 5 stars	P. Jain Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
9/20/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Market Perform ➝ Market Perform	$325.00 ➝ $300.00	+15.95%
9/20/2024	Stephens Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight ➝ Overweight	$350.00 ➝ $350.00	+36.71%
9/20/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$327.00 ➝ $321.00	+25.39%
Get the Latest News and Ratings for FDX and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for FedEx and its competitors with MarketBeat's FREE daily newsletter.
9/20/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Positive ➝ Positive	$345.00 ➝ $330.00	+28.90%
9/20/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$359.00 ➝ $350.00	+36.71%
9/20/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$333.00 ➝ $311.00	+20.95%
9/20/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$333.00 ➝ $332.00	+10.52%
9/20/2024	Bernstein Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$305.00 ➝ $337.00	+12.19%
9/20/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$335.00 ➝ $330.00	+9.86%
9/20/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$335.00 ➝ $318.00	+5.86%
9/20/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$300.00	-0.13%
9/20/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$334.00 ➝ $328.00	+9.19%
9/20/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$340.00 ➝ $320.00	+6.53%
9/20/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Equal Weight ➝ Underweight	$215.00 ➝ $200.00	-33.42%
9/18/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$347.00 ➝ $345.00	+16.02%
9/11/2024	Daiwa America Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Nathan Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Moderate Buy ➝ Hold
6/27/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Eade Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$325.00 ➝ $335.00	+14.97%
6/26/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Market Perform ➝ Market Perform
6/26/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Wetherbee Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Equal Weight ➝ Equal Weight	$275.00 ➝ $300.00	+2.09%
3/27/2024	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral ➝ Underperform	$250.00	-13.49%
3/22/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$265.00 ➝ $300.00	+7.71%
3/22/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$310.00 ➝ $350.00	+32.19%
1/8/2024	Melius Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$310.00	+23.60%
12/20/2023	Bank Of America (Bofa) Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$330.00 ➝ $334.00	+32.58%
9/22/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$255.00 ➝ $295.00	+12.38%
6/21/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$273.00 ➝ $265.00	+17.34%
6/21/2023	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$261.00 ➝ $284.00	+22.52%
6/6/2023	Atlantic Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Overweight	$265.00	+19.87%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 05:16 PM ET.

Should I Buy FedEx Stock? FDX Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, October 18, 2024. Please send any questions or comments about these FedEx pros and cons to contact@marketbeat.com.

FedEx
Bull Case

Here are some ways that investors could benefit from investing in FedEx Co.:

FedEx Co. has a diverse range of services including transportation, e-commerce, and business services, providing multiple revenue streams and potential for growth.
Recent analyst price targets suggest a positive outlook for FedEx Co., with potential for stock price appreciation.
The company's dividend yield of 2.07% as of the latest dividend announcement on October 1st, 2024, offers investors a steady income stream.
FedEx Co. has a strong track record of profitability, with analysts predicting an EPS of 19.66 for the current year, indicating financial stability.
Despite a slight decrease in revenue compared to the previous year, FedEx Co. continues to be a leading player in the shipping and logistics industry, demonstrating resilience.

FedEx
Bear Case

Investors should be bearish about investing in FedEx Co. for these reasons:

Market analysts have issued mixed ratings on FedEx Co.'s stock, with some downgrades and target price reductions, indicating potential volatility in the stock price.
The company's debt-to-equity ratio of 0.72 may raise concerns about its leverage and financial risk, impacting investor confidence.
Recent fluctuations in FedEx Co.'s stock price, trading down to $260.84 on October 4th, 2024, suggest market uncertainty and potential short-term volatility.
Competitive pressures in the shipping industry, along with global economic challenges, could impact FedEx Co.'s future growth prospects and profitability.
Investors should consider the overall market conditions and potential macroeconomic factors that could affect FedEx Co.'s performance and stock price in the near term.

FDX Forecast - Frequently Asked Questions

: According to the research reports of 27 Wall Street equities research analysts, the average twelve-month stock price forecast for FedEx is $314.17, with a high forecast of $350.00 and a low forecast of $200.00.
: 27 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for FedEx in the last twelve months. There are currently 2 sell ratings, 8 hold ratings and 17 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" FDX shares.
: According to analysts, FedEx's stock has a predicted upside of 14.51% based on their 12-month stock forecasts.
: Over the previous 90 days, FedEx's stock had 4 downgrades by analysts.
: FedEx has been rated by research analysts at Bank of America, Bernstein Bank, BMO Capital Markets, Citigroup, Daiwa America, Evercore ISI, Hsbc Global Res, HSBC, JPMorgan Chase & Co., Loop Capital, Morgan Stanley, Raymond James, Robert W. Baird, Stephens, Stifel Nicolaus, Susquehanna, TD Cowen, The Goldman Sachs Group, and UBS Group in the past 90 days.
: Analysts like FedEx more than other "transportation" companies. The consensus rating score for FedEx is 2.56 while the average consensus rating score for "transportation" companies is 2.55. Learn more on how FDX compares to other companies.

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Here’s the full story for you.

This page (NYSE:FDX) was last updated on 11/2/2024 by MarketBeat.com Staff

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FedEx (FDX) Stock Forecast & Price Target