Forward Air Corporation (FWRD)
NASDAQ: FWRD · IEX Real-Time Price · USD
23.04
-0.26 (-1.12%)
At close: Apr 25, 2024, 4:00 PM
22.99
-0.05 (-0.22%)
After-hours: Apr 25, 2024, 6:08 PM EDT
Forward Air Stock Forecast
Stock Price Forecast
The 6 analysts with 12-month price forecasts for Forward Air stock have an average target of 72.5, with a low estimate of 40 and a high estimate of 130. The average target predicts an increase of 214.67% from the current stock price of 23.04.
Analyst Consensus: Hold
* Price targets were last updated on Mar 1, 2024.
Analyst Ratings
The average analyst rating for Forward Air stock from 8 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Hold | 3 | 3 | 3 | 3 | 3 | 4 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 7 | 7 | 7 | 7 | 7 | 8 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| 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 |
| Baird | Baird | Hold Maintains $50 → $40 | Hold | Maintains | $50 → $40 | +73.61% | Mar 1, 2024 |
| Stifel | Stifel | Hold Maintains $80 → $55 | Hold | Maintains | $80 → $55 | +138.72% | Jan 22, 2024 |
Financial Forecast
Revenue This Year
2.79B
from 1.37B
Increased by 103.69%
Revenue Next Year
3.10B
from 2.79B
Increased by 10.89%
EPS This Year
0.49
from 6.40
Decreased by -92.29%
EPS Next Year
1.65
from 0.49
Increased by 233.88%
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 3.0B | 3.2B |
| Avg | 2.8B | 3.1B |
| Low | 2.5B | 2.9B |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | 116.5% | 15.6% |
| Avg | 103.7% | 10.9% |
| Low | 84.6% | 4.9% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | 1.26 | 2.63 |
| Avg | 0.49 | 1.65 |
| Low | -0.64 | 1.23 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | -80.3% | 431.7% |
| Avg | -92.3% | 233.9% |
| Low | - | 148.1% |
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.