Old Dominion Freight Line

ODFL · NASDAQ

$188.33+$1.48 (+0.79%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $186.85

ODFL analyst rating

HoldConsensus of 22 analysts over the last 12 months. 45% rate it a buy.

Strong buy0
Buy10
Hold12
Underperform0
Sell0

12-month price target · 26 analysts

Average $234.28 (+24.4% upside)

Low: $160.71
Now: $188.33
High: $294.00

Upgrades and downgrades

The latest rating actions, newest first

ODFL analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Stifel	Oct 8, 2026	Maintains	Buy	$263.00 → $230.00	50%
Truist Securities	Oct 7, 2026	Maintains	Buy	$250.00 → $230.00	67%
Wolfe Research	Oct 7, 2026	Upgrade	Underperform → Peer Perform	—	54%
JP Morgan	Oct 5, 2026	Maintains	Neutral	$250.00 → $232.00	56%
Susquehanna	Oct 2, 2026	Maintains	Neutral	$232.00 → $202.00	52%
Bernstein	Sep 10, 2026	Initiates	Market Perform	$200.00	56%
Citigroup	Sep 8, 2026	Upgrade	Neutral → Buy	$231.00 → $223.00	66%
UBS	Jul 30, 2026	Maintains	Neutral	$224.00 → $228.00	61%
Citigroup	Jul 30, 2026	Maintains	Neutral	$228.00 → $231.00	66%
Stifel	Jul 30, 2026	Maintains	Buy	$256.00 → $263.00	50%

The case for and against

Updated Apr 17, 2026

Bull case

Old Dominion Freight Line (ODFL) demonstrated a revenue per hundredweight (cwt) increase of 4.7% year-over-year in the third quarter, showcasing strong pricing power attributable to its compelling value proposition and industry-leading service standards. The company is poised to deliver significant operating leverage as it capitalizes on market trends, with expectations for a sequential operating ratio improvement of 250 to 350 basis points in the fourth quarter, despite some downward pressure observed in recent operations. ODFL’s disciplined approach and strategic initiatives aimed at enhancing network density and service quality continue to underpin its higher profitability and capital returns compared to industry peers, reinforcing the positive outlook for its stock.

Bear case

Old Dominion Freight Line has reported a significant decline in key metrics, with 3Q shipments per day falling 7.9% year-over-year and tonnage per day down 9.0% during the same period, raising concerns about demand in a softening economic environment. Additionally, October figures have revealed a further dip in revenue per day of approximately 6.5-7.0% year-over-year, compounded by a substantial reduction of 11.6% in tons per day, indicating continued weakness. The competitive landscape also poses risks, as any disruption in service or aggressive pricing strategies from competitors could further erode Old Dominion's market position and negatively impact earnings.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.