Forward Air Corporation (FWRD)
NASDAQ: FWRD · Real-Time Price · USD
29.33
-0.56 (-1.87%)
At close: Sep 12, 2025, 4:00 PM EDT
29.35
+0.02 (0.07%)
After-hours: Sep 12, 2025, 4:57 PM EDT

Forward Air Stock Forecast

Stock Price Forecast

The 3 analysts that cover Forward Air stock have a consensus rating of "Buy" and an average price target of $34.67, which forecasts a 18.21% increase in the stock price over the next year. The lowest target is $28 and the highest is $43.

Price Target: $34.67 (+18.21%)
Analyst Consensus: Buy
TargetLowAverageMedianHigh
Price$28$34.67$33$43
Change-4.53%+18.21%+12.51%+46.61%
* Price targets were last updated on Aug 12, 2025.

Analyst Ratings

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

Recommendation Trends

RatingApr '25May '25Jun '25Jul '25Aug '25Sep '25
Strong Buy001111
Buy111111
Hold442222
Sell000000
Strong Sell000000
Total554444

Latest Forecasts

AnalystFirmRatingRatingActionPrice TargetUpsideDate
Susquehanna
Susquehanna
Buy
Maintains
$40$43
BuyMaintains$40$43+46.61%Aug 12, 2025
Stifel
Stifel
Strong Buy
Maintains
$29$33
Strong BuyMaintains$29$33+12.51%Jul 24, 2025
Stifel
Stifel
Strong Buy
Upgrades
$21$29
Strong BuyUpgrades$21$29-1.13%Jun 26, 2025
Stifel
Stifel
Hold
Maintains
$29$22
HoldMaintains$29$22-24.99%Apr 10, 2025
Susquehanna
Susquehanna
Buy
Maintains
$35$32
BuyMaintains$35$32+9.10%Mar 31, 2025
More Analyst Ratings

Financial Forecast

Revenue This Year
2.59B
from 2.47B
Increased by 4.64%
Revenue Next Year
2.78B
from 2.59B
Increased by 7.53%
EPS This Year
-1.19
from -30.63
EPS Next Year
0.31
from -1.19
Fiscal YearFY 2020FY 2021FY 2022FY 2023FY 2024FY 2025FY 2026
Period EndingDec 31, 2020Dec 31, 2021Dec 31, 2022Dec 31, 2023Dec 31, 2024Dec 31, 2025Dec 31, 2026
Revenue
1.27B1.39B1.68B1.37B2.47B2.59B2.78B
Revenue Growth
4.48%9.27%21.08%-18.39%80.51%4.64%7.53%
EPS
0.843.857.146.43-30.63-1.190.31
EPS Growth
-72.30%357.71%85.37%-10.03%---
Forward PE
------93.97
No. Analysts
-----88
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue20252026
High2.7B3.0B
Avg2.6B2.8B
Low2.4B2.6B

Revenue Growth

Revenue Growth20252026
High
11.0%
14.5%
Avg
4.6%
7.5%
Low
-2.2%
1.4%

EPS Forecast

EPS20252026
High-1.030.49
Avg-1.190.31
Low-1.320.22

EPS Growth

EPS Growth20252026
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.