Forward Air Corporation (FWRD)
NASDAQ: FWRD · IEX Real-Time Price · USD
25.26
+0.76 (3.10%)
At close: Jul 19, 2024, 4:00 PM
25.29
+0.03 (0.12%)
Pre-market: Jul 20, 2024, 9:29 AM EDT
Forward Air Stock Forecast
Stock Price Forecast
The 5 analysts with 12-month price forecasts for Forward Air stock have an average target of 72.4, with a low estimate of 17 and a high estimate of 130. The average target predicts an increase of 186.62% from the current stock price of 25.26.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Forward Air stock from 8 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 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Hold | 3 | 3 | 4 | 5 | 5 | 5 |
| Sell | 1 | 1 | 1 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 7 | 7 | 8 | 8 | 8 | 8 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Baird | Baird | Hold Maintains $14 → $17 | Hold | Maintains | $14 → $17 | -32.70% | Jul 3, 2024 |
| Wolfe Research | Wolfe Research | Sell → Hold Upgrades n/a | Sell → Hold | Upgrades | n/a | n/a | May 28, 2024 |
| Baird | Baird | Hold Maintains $24 → $14 | Hold | Maintains | $24 → $14 | -44.58% | May 10, 2024 |
| Benchmark | Benchmark | Hold Reiterates n/a | Hold | Reiterates | n/a | n/a | Apr 24, 2024 |
| Benchmark | Benchmark | Hold Reiterates n/a | Hold | Reiterates | n/a | n/a | Apr 18, 2024 |
Financial Forecast
Revenue This Year
2.52B
from 1.37B
Increased by 83.48%
Revenue Next Year
2.73B
from 2.52B
Increased by 8.55%
EPS This Year
-0.50
from 6.40
EPS Next Year
0.90
from -0.50
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 2.7B | 3.1B |
| Avg | 2.5B | 2.7B |
| Low | 2.2B | 2.3B |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | 100.2% | 21.9% |
| Avg | 83.5% | 8.5% |
| Low | 57.3% | -10.0% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 0.35 | 1.59 | 1.00 |
| Avg | -0.50 | 0.90 | 0.97 |
| Low | -1.27 | 0.19 | 0.93 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -94.6% | - | 11.4% |
| Avg | - | - | 8.2% |
| Low | - | - | 4.0% |
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.