Covenant Logistics Group, Inc. (CVLG)

Covenant Logistics Group Stock Forecast

Stock Price Forecast

The 2 analysts that cover Covenant Logistics Group stock have a consensus rating of "Strong Buy" and an average price target of $35.25, which forecasts a 47.92% increase in the stock price over the next year. The lowest target is $34.5 and the highest is $36.

Price Target: $35.25 (+47.92%)

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$34.5	$35.25	$36	$36
Change	+44.78%	+47.92%	+51.07%	+51.07%

* Price targets were last updated on Jan 24, 2025.

Analyst Ratings

The average analyst rating for Covenant Logistics Group stock is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.

Recommendation Trends

Rating	Mar '25	Apr '25	May '25	Jun '25	Jul '25	Aug '25
Strong Buy	1	1	1	1	1	1
Buy	1	1	1	1	1	1
Hold	0	0	0	0	0	0
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	2	2	2	2	2	2

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Daniel Imbro Stephens & Co.	Stephens & Co.	Buy Reiterates $36	Buy	Reiterates	$36	+51.07%	Jan 24, 2025
Jason Seidl TD Cowen	TD Cowen	Strong Buy Maintains $35 → $35	Strong Buy	Maintains	$35 → $35	+44.78%	Oct 25, 2024
Jason Seidl TD Cowen	TD Cowen	Strong Buy Maintains $33 → $35	Strong Buy	Maintains	$33 → $35	+46.87%	Jul 26, 2024
Jason Seidl TD Cowen	TD Cowen	Hold → Buy Upgrades $26 → $33	Hold → Buy	Upgrades	$26 → $33	+38.48%	Jan 25, 2024
Jeffrey Kauffman Vertical Research	Vertical Research	Strong Buy Initiates $35	Strong Buy	Initiates	$35	+46.87%	Jan 23, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

1.18B

Increased by 4.64%

from 1.13B

Revenue Next Year

1.25B

Increased by 5.83%

from 1.18B

EPS This Year

1.80

Increased by 38.51%

from 1.30

EPS Next Year

2.47

Increased by 36.78%

from 1.80

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	838.56M	1.05B	1.22B	1.10B	1.13B	1.18B	1.25B
Revenue Growth	-5.29%	24.74%	16.33%	-9.31%	2.53%	4.64%	5.83%
EPS	-1.23	1.78	3.50	1.99	1.30	1.80	2.47
EPS Growth	-	-	96.35%	-43.16%	-34.65%	38.51%	36.78%
Forward PE	-	-	-	-	-	13.22	9.66
No. Analysts	-	-	-	-	-	6	6

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026
High	1.2B	1.3B
Avg	1.2B	1.3B
Low	1.1B	1.2B

Revenue Growth

Revenue Growth	2025	2026
High	9.1%	10.6%
Avg	4.6%	5.8%
Low	-1.6%	-0.8%

EPS Forecast

EPS	2025	2026
High	1.91	2.70
Avg	1.80	2.47
Low	1.72	2.25

EPS Growth

EPS Growth	2025	2026
High	46.8%	49.7%
Avg	38.5%	36.8%
Low	31.8%	25.0%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.