Forward Air Stock Forecast

Stock Price Forecast

According to 3 professional analysts, the 12-month price target for Forward Air stock ranges from a low of $22 to a high of $32. The average analyst price target of $27.33 forecasts a 62.92% increase in the stock price over the next year.

Price Target: $27.33 (+62.92%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$22	$27.33	$28	$32
Change	+31.15%	+62.92%	+66.92%	+90.76%

* Price targets were last updated on Apr 10, 2025.

Analyst Ratings

The average analyst rating for Forward Air stock is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Dec '24	Jan '25	Feb '25	Mar '25	Apr '25	May '25
Strong Buy	0	0	0	0	0	0
Buy	1	0	0	1	1	1
Hold	4	4	4	4	4	4
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	5	4	4	5	5	5

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
J. Bruce Chan Stifel	Stifel	Hold Maintains $29 → $22	Hold	Maintains	$29 → $22	+31.15%	Apr 10, 2025
Bascome Majors Susquehanna	Susquehanna	Buy Maintains $35 → $32	Buy	Maintains	$35 → $32	+90.76%	Mar 31, 2025
Benjamin Hartford Baird	Baird	Hold Maintains $32 → $28	Hold	Maintains	$32 → $28	+66.92%	Feb 27, 2025
J. Bruce Chan Stifel	Stifel	Hold Maintains $34 → $36	Hold	Maintains	$34 → $36	+114.61%	Jan 23, 2025
Christopher Kuhn Benchmark	Benchmark	Hold Reiterates n/a	Hold	Reiterates	n/a	n/a	Jan 7, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

2.63B

from 2.47B

6.25%

from 2.47B

Revenue Next Year

2.82B

from 2.63B

7.42%

from 2.63B

EPS This Year

-0.78

from -30.63

EPS Next Year

0.18

from -0.78

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	1.27B	1.39B	1.68B	1.37B	2.47B	2.63B	2.82B
Revenue Growth	4.48%	9.27%	21.08%	-18.39%	80.51%	6.25%	7.42%
EPS	0.84	3.85	7.14	6.43	-30.63	-0.78	0.18
EPS Growth	-72.30%	357.71%	85.37%	-10.03%	-	-	-
Forward PE	-	-	-	-	-	-	93.98
No. Analysts	-	-	-	-	-	8	8

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

Revenue Forecast

Revenue	2025	2026
High	2.8B	3.0B
Avg	2.6B	2.8B
Low	2.4B	2.6B

Revenue Growth

Revenue Growth	2025	2026
High	12.9%	13.8%
Avg	6.3%	7.4%
Low	-2.2%	0.5%

EPS Forecast

EPS	2025	2026
High	-0.02	0.85
Avg	-0.78	0.18
Low	-2.11	-1.08

EPS Growth

EPS Growth	2025	2026
High	-	-
Avg	-	-
Low	-	-

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.