Forward Air Corporation (FWRD)
NASDAQ: FWRD · Real-Time Price · USD
34.94
+0.47 (1.36%)
Nov 20, 2024, 4:00 PM EST - Market closed
Forward Air Stock Forecast
Stock Price Forecast
The 2 analysts with 12-month price forecasts for Forward Air stock have an average target of 30, with a low estimate of 24 and a high estimate of 36. The average target predicts a decrease of -14.14% from the current stock price of 34.94.
Analyst Consensus: Hold
* Price targets were last updated on Oct 21, 2024.
Analyst Ratings
The average analyst rating for Forward Air stock from 4 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 0 | 0 |
| Buy | 2 | 2 | 1 | 1 | 1 | 0 |
| Hold | 5 | 5 | 4 | 4 | 4 | 4 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 8 | 8 | 6 | 6 | 5 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Stifel | Stifel | Hold Maintains $31 → $36 | Hold | Maintains | $31 → $36 | +3.03% | Oct 21, 2024 |
| Benchmark | Benchmark | Hold Reiterates n/a | Hold | Reiterates | n/a | n/a | Aug 12, 2024 |
| Baird | Baird | Hold Maintains $17 → $24 | Hold | Maintains | $17 → $24 | -31.31% | Aug 8, 2024 |
| Baird | Baird | Hold Maintains $14 → $17 | Hold | Maintains | $14 → $17 | -51.35% | Jul 3, 2024 |
| Wolfe Research | Wolfe Research | Sell → Hold Upgrades n/a | Sell → Hold | Upgrades | n/a | n/a | May 28, 2024 |
Financial Forecast
Revenue This Year
2.55B
from 1.37B
Increased by 86.32%
Revenue Next Year
2.76B
from 2.55B
Increased by 8.07%
EPS This Year
0.67
from 6.43
Decreased by -89.52%
EPS Next Year
0.28
from 0.67
Decreased by -58.79%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 2.6B | 3.0B | 3.3B |
| Avg | 2.6B | 2.8B | 3.0B |
| Low | 2.4B | 2.5B | 2.6B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 92.5% | 17.2% | 20.4% |
| Avg | 86.3% | 8.1% | 7.4% |
| Low | 77.5% | -1.4% | -6.1% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 4.05 | 1.16 | 1.47 |
| Avg | 0.67 | 0.28 | 1.33 |
| Low | -0.99 | -0.64 | 1.18 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -36.9% | 71.6% | 429.8% |
| Avg | -89.5% | -58.8% | 377.9% |
| Low | - | - | 323.9% |
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.