First Industrial Realty Trust, Inc. (FR)

FR Stock Forecast

Stock Price Forecast

The 12 analysts with 12-month price forecasts for FR stock have an average target of 58.5, with a low estimate of 49 and a high estimate of 64. The average target predicts an increase of 9.04% from the current stock price of 53.65.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$49	$58.5	$60	$64
Change	-8.67%	+9.04%	+11.84%	+19.29%

Analyst Ratings

The average analyst rating for FR stock from 12 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Oct '24	Nov '24	Dec '24	Jan '25	Feb '25	Mar '25
Strong Buy	2	2	2	1	1	1
Buy	5	5	5	5	5	5
Hold	4	4	4	5	6	6
Sell	1	0	0	0	0	0
Strong Sell	1	1	1	1	0	0
Total	13	12	12	12	12	12

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Anthony Powell Barclays	Barclays	Hold Maintains $55 → $56	Hold	Maintains	$55 → $56	+4.38%	Mar 25, 2025
Caitlin Burrows Goldman Sachs	Goldman Sachs	Strong Sell → Hold Upgrades $52 → $59	Strong Sell → Hold	Upgrades	$52 → $59	+9.97%	Feb 21, 2025
David Rodgers Baird	Baird	Buy Maintains $59 → $61	Buy	Maintains	$59 → $61	+13.70%	Feb 19, 2025
Omotayo Okusanya Deutsche Bank	Deutsche Bank	Hold Initiates $52	Hold	Initiates	$52	-3.08%	Jan 14, 2025
Anthony Powell Barclays	Barclays	Hold Maintains $56 → $55	Hold	Maintains	$56 → $55	+2.52%	Nov 18, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

738.11M

Increased by 9.81%

from 672.18M

Revenue Next Year

796.61M

Increased by 7.93%

from 738.11M

EPS This Year

1.66

Decreased by -23.31%

from 2.17

EPS Next Year

1.86

Increased by 12.03%

from 1.66

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	447.79M	476.13M	654.87M	618.20M	672.18M	738.11M	796.61M	834.25M
Revenue Growth	5.24%	6.33%	37.54%	-5.60%	8.73%	9.81%	7.93%	4.73%
EPS	1.53	2.09	2.72	2.07	2.17	1.66	1.86	2.01
EPS Growth	-18.62%	36.43%	30.20%	-23.83%	4.83%	-23.31%	12.03%	7.92%
Forward PE	-	-	-	-	-	32.24	28.78	26.67
No. Analysts	-	-	-	-	-	10	10	6

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

Revenue Forecast

Revenue	2025	2026	2027	2028	2029
High	765.4M	853.5M	916.8M
Avg	738.1M	796.6M	834.3M
Low	678.6M	699.1M	601.0M

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029
High	13.9%	15.6%	15.1%
Avg	9.8%	7.9%	4.7%
Low	1.0%	-5.3%	-24.6%

EPS Forecast

EPS	2025	2026	2027	2028	2029
High	2.07	2.27	2.13
Avg	1.66	1.86	2.01
Low	1.40	1.64	1.82

EPS Growth

EPS Growth	2025	2026	2027	2028	2029
High	-4.7%	36.3%	14.3%
Avg	-23.3%	12.0%	7.9%
Low	-35.4%	-1.7%	-2.2%

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.