#4 - GXO Logistics (NYSE:GXO)
GXO Logistics Inc. (NYSE: GXO) provides supply chain management solutions that are customized to every customer’s complexities and industries.
GXO has only been publicly traded since 2021. Not surprisingly, the company has been posting consistently solid revenue and earnings as the supply chain disruptions caused by a global pandemic has made companies rethink their supply chain.
However, as the economy has slowed in 2023 and 2024, GXO stock is down nearly 40% including a 13.7% decline in 2024. But the port strike is likely to renew interest in the company’s products and services, particularly with companies that may have put off that expense as they drew down inventories but will need it to remain competitive.
Analysts agree, with a consensus price target of $67.27 on the stock, which provides a 27% upside.
About GXO Logistics
GXO Logistics, Inc, together with its subsidiaries, provides logistics services worldwide. The company provides warehousing and distribution, order fulfilment, e-commerce, reverse logistics, and other supply chain services. As of December 31, 2023, it operated in approximately 974 facilities. The company serves various customers in the e-commerce, omnichannel retail, technology and consumer electronics, food and beverage, industrial and manufacturing, consumer packaged goods, and others.
Read More - Current Price
- $41.96
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 10 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $66.33 (58.1% Upside)
