FedEx

FDX · NYSE

$298.76+$4.98 (+1.70%)TodayMarket closed · Oct 20, 7:57 PM ET

Prev close $293.78

FDX analyst rating

BuyConsensus of 19 analysts over the last 12 months. 74% rate it a buy.

Strong buy0
Buy14
Hold4
Underperform1
Sell0

12-month price target · 30 analysts

Average $362.78 (+21.4% upside)

Low: $161.60
Now: $298.76
High: $502.95

Upgrades and downgrades

The latest rating actions, newest first

FDX analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Citigroup	Oct 7, 2026	Maintains	Buy	$359.00 → $373.00	66%
Truist Securities	Oct 7, 2026	Maintains	Buy	$365.00 → $350.00	67%
JP Morgan	Oct 5, 2026	Maintains	Overweight	$400.00 → $399.00	56%
Evercore ISI Group	Sep 28, 2026	Maintains	In-Line	$350.00 → $351.00	63%
Evercore ISI Group	Sep 9, 2026	Maintains	In-Line	$323.00 → $350.00	63%
JP Morgan	Sep 8, 2026	Maintains	Overweight	$460.00 → $400.00	56%
Citizens	Jul 15, 2026	Initiates	Market Outperform	$375.00	32%
Truist Securities	Jun 25, 2026	Maintains	Buy	$425.00 → $365.00	67%
Citigroup	Jun 24, 2026	Maintains	Buy	$356.73 → $359.00	66%
B of A Securities	Jun 24, 2026	Maintains	Buy	$376.00 → $378.00	55%

The case for and against

Updated Oct 3, 2026

Bull case

FedEx is positioned favorably because its core Federal Express segment now represents more than 95% of revenue after the June 2026 FedEx Freight spinoff, sharpening exposure to higher-return express and package delivery operations. The company’s expected CY26 revenue of about $91B, operating income of $5.8B, and adjusted EPS of $17.44 reflect a business that still benefits from ongoing B2B demand, while the integration of its Ground and Express networks should improve efficiency and margins in FY26 and beyond. With aircraft fleet renewal mostly complete, lower capital spending should support stronger free cash flow and ROIC, and its global reach, including TNT Express in Europe and FedEx Logistics, reinforces a durable competitive position.

Bear case

FedEx is facing a more concentrated and less diversified earnings profile after the June 2026 FedEx Freight spinoff, with Federal Express now representing more than 95% of revenue, which increases sensitivity to any slowdown in core package demand. Its operations are exposed to more than 220 countries and about 99% of global GDP, so recession risk, trade disputes, geopolitics, FX swings, and inflation could quickly pressure volumes and margins, while fuel costs already represented 5.5% of operating expenses in CY26, or about $5.0 billion. Execution risk is also elevated because the Network 2.0, DRIVE, and One FedEx initiatives must deliver savings and service improvements while labor, cybersecurity, weather, and regulatory risks continue to threaten profitability.

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