Old Dominion Freight Line (ODFL) Stock Forecast & Price Target

$152.23 -4.52 (-2.88%)

Closing price 04/11/2025 04:00 PM Eastern

Extended Trading

$151.62 -0.60 (-0.40%)

As of 04/11/2025 07:56 PM Eastern

Old Dominion Freight Line - Analysts' Recommendations and Stock Price Forecast (2025)

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

Hold

Based on 23 Analyst Ratings

Sell
1

Hold
14

Buy
8

Based on 23 Wall Street analysts who have issued ratings for Old Dominion Freight Line in the last 12 months, the stock has a consensus rating of "Hold." Out of the 23 analysts, 1 has given a sell rating, 14 have given a hold rating, 7 have given a buy rating, and 1 has given a strong buy rating for ODFL.

Consensus Price Target

$195.75
28.59% Upside

According to the 23 analysts' twelve-month price targets for Old Dominion Freight Line, the average price target is $195.75. The highest price target for ODFL is $240.00, while the lowest price target for ODFL is $158.00. The average price target represents a forecasted upside of 28.59% from the current price of $152.23.

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ODFL Analyst Ratings Over Time

Type	Current Forecast 4/13/24 to 4/13/25	1 Month Ago 3/14/24 to 3/14/25	3 Months Ago 1/14/24 to 1/13/25	1 Year Ago 4/14/23 to 4/13/24
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	7 Buy rating(s)	6 Buy rating(s)	3 Buy rating(s)	6 Buy rating(s)
Hold	14 Hold rating(s)	15 Hold rating(s)	16 Hold rating(s)	8 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$195.75	$202.65	$203.33	$212.59
Forecasted Upside	28.59% Upside	24.71% Upside	12.54% Upside	-3.86% Downside
Consensus Rating	Hold	Hold	Hold	Hold

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ODFL 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.

ODFL 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.

Old Dominion Freight Line Stock vs. The Competition

Type	Old Dominion Freight Line	Transportation Companies	S&P 500
Consensus Rating Score	2.35	2.58	2.54
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	28.59% Upside	67.87% Upside	27.84% Upside
News Sentiment Rating	Positive News See Recent ODFL News	Positive News	Positive News

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Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

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Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
4/9/2025	Jefferies Financial Group 2 of 5 stars	Stephanie Moore Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Hold ➝ Hold	$195.00 ➝ $165.00	+11.48%
4/8/2025	UBS Group 3 of 5 stars	Thomas Wadewitz Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Neutral ➝ Neutral	$196.00 ➝ $158.00	+6.51%
4/8/2025	Raymond James 4 of 5 stars	Patrick Tyler Brown Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform ➝ Outperform	$215.00 ➝ $190.00	+25.96%
4/8/2025	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Rosa Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy	$186.00 ➝ $183.00	+20.86%
4/2/2025	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Eric Morgan Subscribe to MarketBeat All Access for the recommendation accuracy rating	Set Target		$185.00	+26.06%
4/2/2025	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Brandon Oglenski Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Equal Weight ➝ Equal Weight	$195.00 ➝ $185.00	+10.75%
3/31/2025	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating	B. Majors Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Neutral ➝ Neutral	$210.00 ➝ $171.00	+3.73%
3/27/2025	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	Christian Wetherbee Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Underweight ➝ Underweight	$185.00 ➝ $160.00	-5.14%
3/13/2025	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lucas Servera Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$220.00	+33.71%
3/7/2025	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy ➝ Buy	$236.00	+32.90%
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2/24/2025	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Bruce Chan Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Buy	$193.00 ➝ $200.00	+10.86%
2/6/2025	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	Jonathan Chappell Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	In-Line ➝ In-Line	$199.00 ➝ $202.00	+2.75%
2/6/2025	Stephens Subscribe to MarketBeat All Access for the recommendation accuracy rating	Daniel Imbro Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Overweight ➝ Overweight	$240.00 ➝ $240.00	+19.57%
1/16/2025	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating	Ken Hoexter Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Neutral ➝ Neutral	$237.00 ➝ $204.00	+8.06%
12/12/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$213.00 ➝ $235.00	+16.87%
12/6/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$186.00 ➝ $205.00	+0.03%
11/12/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold
10/24/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$203.00 ➝ $196.00	+2.48%
10/24/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	F. Chamoun Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Market Perform ➝ Market Perform	$210.00 ➝ $205.00	+7.45%
10/24/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$204.00 ➝ $200.00	+6.01%
9/11/2024	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Hold
5/8/2024	Baird R W Subscribe to MarketBeat All Access for the recommendation accuracy rating	G. Holland Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Strong-Buy
4/29/2024	Vertical Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Sell ➝ Hold	$175.00	-4.07%
7/27/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$152.00 ➝ $187.50	-10.87%
6/30/2023	3M Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
6/30/2023	VNET Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
4/27/2023	22nd Century Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
4/27/2023	888 Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 02:24 PM ET.

Should I Buy Old Dominion Freight Line Stock? ODFL 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 Sunday, April 6, 2025. Please send any questions or comments about these Old Dominion Freight Line pros and cons to contact@marketbeat.com.

Old Dominion Freight Line
Bull Case

Here are some ways that investors could benefit from investing in Old Dominion Freight Line, Inc.:

Strong Earnings Performance: Old Dominion Freight Line, Inc. reported earnings per share (EPS) of $1.23, exceeding analysts' expectations of $1.17, indicating robust financial health and operational efficiency.
Dividend Increase: The company recently raised its quarterly dividend from $0.26 to $0.28, reflecting a commitment to returning value to shareholders. This increase represents an annualized yield of 0.74%, which can be attractive for income-focused investors.
Market Capitalization: With a market cap of $32.32 billion, Old Dominion Freight Line, Inc. is a significant player in the transportation sector, suggesting stability and potential for growth.
Positive Analyst Ratings: The stock has a consensus rating of "Hold" with a target price of $199.70, indicating that analysts see potential for price appreciation from the current level of $152.06.
Low Debt Levels: The company has a debt-to-equity ratio of 0.01, which indicates a strong balance sheet and lower financial risk, making it a safer investment compared to heavily leveraged companies.

Old Dominion Freight Line
Bear Case

Investors should be bearish about investing in Old Dominion Freight Line, Inc. for these reasons:

Recent Downgrades: Analysts have recently downgraded the stock, with Barclays lowering its price target from $195.00 to $185.00 and StockNews.com downgrading it from "hold" to "sell," which may indicate a bearish outlook.
Market Volatility: The stock has a beta of 1.25, suggesting it is more volatile than the market. This could lead to larger price swings, which may not be suitable for all investors.
Price Target Reductions: Several firms have reduced their price targets, with Wells Fargo lowering it to $160.00, which could signal a lack of confidence in the stock's near-term performance.
High Price-to-Earnings Ratio: The current price-to-earnings (P/E) ratio of 27.75 may suggest that the stock is overvalued compared to its earnings, which could deter value investors.
Potential Economic Headwinds: As a transportation company, Old Dominion Freight Line, Inc. may be sensitive to economic downturns, which could impact demand for its services and overall profitability.

ODFL Forecast - Frequently Asked Questions

: According to the research reports of 23 Wall Street equities research analysts, the average twelve-month stock price forecast for Old Dominion Freight Line is $195.75, with a high forecast of $240.00 and a low forecast of $158.00.
: 23 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Old Dominion Freight Line in the last twelve months. There is currently 1 sell rating, 14 hold ratings, 7 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" ODFL shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ODFL, but not buy additional shares or sell existing shares.
: According to analysts, Old Dominion Freight Line's stock has a predicted upside of 28.59% based on their 12-month stock forecasts.
: Over the previous 90 days, Old Dominion Freight Line's stock had 2 upgrades by analysts.
: Old Dominion Freight Line has been rated by research analysts at Bank of America, Barclays, Citigroup, Deutsche Bank Aktiengesellschaft, Evercore ISI, Jefferies Financial Group, Morgan Stanley, Raymond James, Stephens, Stifel Nicolaus, Susquehanna, Truist Financial, UBS Group, and Wells Fargo & Company in the past 90 days.
: Analysts like Old Dominion Freight Line less than other "transportation" companies. The consensus rating for Old Dominion Freight Line is Hold while the average consensus rating for "transportation" companies is Moderate Buy. Learn more on how ODFL compares to other companies.

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This page (NASDAQ:ODFL) was last updated on 4/13/2025 by MarketBeat.com Staff

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Old Dominion Freight Line (ODFL) Stock Forecast & Price Target