Analyst Price Target is $32.25
▲ +45.40% Upside Potential
This price target is based on 5 analysts offering 12 month price targets for Forward Air in the last 3 months. The average price target is $32.25, with a high forecast of $47.00 and a low forecast of $22.00. The average price target represents a 45.40% upside from the last price of $22.18.
Current Consensus is
Hold
The current consensus among 5 polled investment analysts is to hold stock in Forward Air. This rating has held steady since August 2023, when it changed from a Buy consensus rating.
Forward Air Corporation, together with its subsidiaries, operates as an asset-light freight and logistics company in the United States and Canada. It operates in two segments, Expedited Freight and Intermodal. The Expedited Freight segment provides expedited regional, inter-regional, and national less-than-truckload services; local pick-up and delivery services; and other services, which include shipment consolidation and deconsolidation, warehousing, customs brokerage, and other handling. This segment offers expedited truckload brokerage, dedicated fleet, and high security and temperature-controlled logistics services. The Intermodal segment provides intermodal container drayage services; and contract and container freight station warehouse and handling services. It serves freight forwarders, third-party logistics companies, integrated air cargo carriers and passenger, passenger and cargo airlines, steamship lines, and retailers. Forward Air Corporation was founded in 1981 and is headquartered in Greeneville, Tennessee.
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