Forward Air Corporation (FWRD)
NASDAQ: FWRD · Real-Time Price · USD
10.35
+0.68 (7.03%)
At close: Jun 4, 2026, 4:00 PM EDT
10.03
-0.32 (-3.09%)
Pre-market: Jun 5, 2026, 6:08 AM EDT

Forward Air Stock Forecast

Stock Price Forecast

According to 6 analysts polled by S&P Global, Forward Air stock has a consensus rating of "Buy" and an average price target of $18.33. The average 1-year stock price forecast is 77.10% higher than the current stock price, while the lowest is $17 (+64.25%) and the highest is $20 (+93.24%).

Price Target: $18.33 (+77.10%)
Analyst Consensus: Buy
TargetLowAverageMedianHigh
Price$17$18.33$18$20
Change+64.25%+77.10%+73.91%+93.24%

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

RatingDec '25Jan '26Feb '26Mar '26Apr '26May '26
Strong Buy333333
Buy000000
Hold333333
Sell000000
Strong Sell000000
Total666666

Latest Forecasts

AnalystFirmRatingRatingActionPrice TargetUpsideDate
Stifel Nicolaus
Stifel Nicolaus
Buy
Reiterates
$30$17
BuyReiterates$30$17+64.25%May 8, 2026
Susquehanna
Susquehanna
Buy
Reiterates
$42$18
BuyReiterates$42$18+73.91%May 8, 2026

Financial Forecast

Revenue This Year
2.52B
from 2.50B
Increased by 0.86%
Revenue Next Year
2.57B
from 2.52B
Increased by 2.06%
EPS This Year
-1.90
from -3.51
EPS Next Year
-0.67
from -1.90
Fiscal YearFY 2021FY 2022FY 2023FY 2024FY 2025FY 2026
Period EndingDec 31, 2021Dec 31, 2022Dec 31, 2023Dec 31, 2024Dec 31, 2025Dec 31, 2026
Revenue
1.39B1.68B1.37B2.47B2.50B2.52B
Revenue Growth
9.27%21.08%-18.39%80.51%0.84%0.86%
Gross Profit
348.92M534.22M387.56M483.63M490.82M1.26B
Gross Margin
25.15%31.81%28.27%19.55%19.67%50.20%
Operating Income
147.03M247.59M88.21M46.93M87.66M142.66M
Net Income
105.86M193.19M167.35M-816.97M-107.80M-65.64M
Dividend / Share
0.840.960.96---
Free Cash Flow
41.35M159.24M169.30M-23.79M66.08M95.53M
No. Analysts
-----5

Revenue Forecast

Revenue20262027
High2.6B
Avg2.5B
Low2.4B

Revenue Growth

Revenue Growth20262027
High
3.0%
Avg
0.9%
Low
-2.3%

EPS Forecast

EPS20262027
High-1.60
Avg-1.90
Low-2.30

EPS Growth

EPS Growth20262027
High-
Avg-
Low-
Sources: Price targets and consensus ratings provided by S&P Global Market Intelligence. Historical ratings and analyst data provided by TipRanks. Financial forecast data provided by S&P Global Market Intelligence. The data is sourced from Wall Street analysts. Data sources.