Forward Air Corporation (FWRD)
NASDAQ: FWRD · IEX Real-Time Price · USD
20.88
+0.66 (3.26%)
At close: Jun 14, 2024, 4:00 PM
20.52
-0.36 (-1.72%)
After-hours: Jun 14, 2024, 7:04 PM 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 71.8, with a low estimate of 14 and a high estimate of 130. The average target predicts an increase of 243.87% from the current stock price of 20.88.

Analyst Consensus: Buy
Target Low Average Median High
Price $14 $71.8 $75 $130
Change -32.95% +243.87% +259.20% +522.61%
* Price targets were last updated on May 10, 2024.

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 Jan '24Feb '24Mar '24Apr '24May '24Jun '24
Strong Buy 111111
Buy 222222
Hold 333455
Sell 111100
Strong Sell 000000
Total 777888

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Wolfe Research
Wolfe Research
Hold
Upgrades
n/a
Hold Upgrades n/a n/a May 28, 2024
Baird
Baird
Hold
Maintains
$24$14
Hold Maintains $24$14 -32.95% 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
Benchmark
Benchmark
Hold
Reiterates
n/a
Hold Reiterates n/a n/a Apr 3, 2024
More Analyst Ratings

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
Year 2019202020212022202320242025
Revenue
1.22B1.27B1.39B1.68B1.37B2.52B2.73B
Revenue Growth
6.82%4.48%9.27%21.08%-18.39%83.48%8.55%
EPS
3.040.843.857.146.40-0.500.90
EPS Growth
-2.56%-72.37%358.33%85.45%-10.36%--
Forward PE
------23.32
No. Analysts -----99
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025
High 2.7B 3.1B
Avg 2.5B 2.7B
Low 2.2B 2.3B

Revenue Growth

Revenue Growth 20242025
High
100.2%
21.9%
Avg
83.5%
8.5%
Low
57.3%
-10.0%

EPS Forecast

EPS 20242025
High 0.35 1.59
Avg -0.50 0.90
Low -1.27 0.19

EPS Growth

EPS Growth 20242025
High
-94.6%
-
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.