Forward Air Corporation (FWRD)
NASDAQ: FWRD · Real-Time Price · USD
19.48
+1.68 (9.44%)
Aug 7, 2026, 1:17 PM EDT - Market open

Forward Air Stock Forecast

Stock Price Forecast

According to 5 analysts polled by S&P Global, Forward Air stock has a consensus rating of "Buy" and an average price target of $22.5. The average 1-year stock price forecast is 15.50% higher than the current stock price, while the lowest is $18 (-7.60%) and the highest is $27 (+38.60%).

Price Target: $22.5 (+15.50%)
Analyst Consensus: Buy

Price Target

Chart
TargetLowAverageMedianHigh
Price$18$22.5$22.5$27
Change-7.60%+15.50%+15.50%+38.60%

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

Chart
RatingFeb '26Mar '26Apr '26May '26Jul '26Aug '26
Strong Buy333322
Buy000000
Hold333333
Sell000000
Strong Sell000000
Total666655

Latest Forecasts

AnalystFirmRatingRatingActionPrice TargetUpsideDate
Stifel Nicolaus
Stifel Nicolaus
Buy
Reiterates
$19$27
BuyReiterates$19$27+38.60%Aug 6, 2026
Susquehanna
Susquehanna
Buy
Reiterates
$42$18
BuyReiterates$42$18-7.60%May 8, 2026

Financial Forecast

Revenue This Year
2.59B
from 2.50B
Increased by 3.77%
Revenue Next Year
2.56B
from 2.59B
Decreased by -1.01%
EPS This Year
-2.02
from -0.63
EPS Next Year
-0.16
from -2.02
Fiscal YearFY 2021FY 2022FY 2023FY 2024FY 2025FY 2026
Period EndingDec 31, 2021Dec 31, 2022Dec 31, 2023Dec 31, 2024Dec 31, 2025Dec 31, 2026
Revenue
1.39B1.68B1.37B2.47B2.50B2.59B
Revenue Growth
9.27%21.08%-18.39%80.51%0.84%3.77%
Operating Income
147.03M247.59M88.21M46.93M87.66M179.10M
Net Income
105.86M193.19M167.35M-816.97M-107.80M-237.00M
EPS
-----0.63-2.02
Dividend / Share
0.840.960.96---
Free Cash Flow
41.35M159.24M169.30M-23.79M66.08M90.90M
No. Analysts
-----1
EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Revenue202620272028
High2.6B
Avg2.6B
Low2.6B

Revenue Growth

Revenue Growth202620272028
High
3.8%
Avg
3.8%
Low
3.8%

EPS Forecast

EPS202620272028
High-2.02
Avg-2.02
Low-2.02

EPS Growth

EPS Growth202620272028
High-
Avg-
Low-