Forward Air Stock Forecast

Stock Price Forecast

The 2 analysts with 12-month price forecasts for Forward Air stock have an average target of 32, with a low estimate of 28 and a high estimate of 36. The average target predicts an increase of 54.40% from the current stock price of 20.73.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$28	$32	$36	$36
Change	+35.10%	+54.40%	+73.70%	+73.70%

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	Oct '24	Nov '24	Dec '24	Jan '25	Feb '25	Mar '25
Strong Buy	0	0	0	0	0	0
Buy	1	1	1	0	0	0
Hold	4	4	4	4	4	4
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	5	5	5	4	4	4

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Benjamin Hartford Baird	Baird	Hold Maintains $32 → $28	Hold	Maintains	$32 → $28	+35.10%	Feb 27, 2025
J. Bruce Chan Stifel	Stifel	Hold Maintains $34 → $36	Hold	Maintains	$34 → $36	+73.70%	Jan 23, 2025
Christopher Kuhn Benchmark	Benchmark	Hold Reiterates n/a	Hold	Reiterates	n/a	n/a	Jan 7, 2025
J. Bruce Chan Stifel	Stifel	Hold Maintains $31 → $36	Hold	Maintains	$31 → $36	+73.70%	Oct 21, 2024
Christopher Kuhn Benchmark	Benchmark	Hold Reiterates n/a	Hold	Reiterates	n/a	n/a	Aug 12, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

2.69B

from 2.47B

8.80%

from 2.47B

Revenue Next Year

2.87B

from 2.69B

6.58%

from 2.69B

EPS This Year

0.37

from -29.66

EPS Next Year

0.93

from 0.37

149.09%

from 0.37

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	2.69B	2.87B
Revenue Growth	4.48%	9.27%	21.08%	-18.39%	80.51%	8.80%	6.58%
EPS	0.84	3.85	7.14	6.43	-29.66	0.37	0.93
EPS Growth	-72.30%	357.70%	85.37%	-10.03%	-	-	149.09%
Forward PE	-	-	-	-	-	55.41	22.25
No. Analysts	-	-	-	-	-	9	6

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

Revenue Forecast

Revenue	2025	2026
High	2.9B	3.1B
Avg	2.7B	2.9B
Low	2.5B	2.5B

Revenue Growth

Revenue Growth	2025	2026
High	16.1%	16.6%
Avg	8.8%	6.6%
Low	-0.7%	-6.1%

EPS Forecast

EPS	2025	2026
High	2.38	1.47
Avg	0.37	0.93
Low	-1.27	0.10

EPS Growth

EPS Growth	2025	2026
High	-	293.0%
Avg	-	149.1%
Low	-	-73.8%

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.