In a recent update, Bernstein analyst David Vernon has revised the price target for FedEx (FDX, Financial), lowering it from $282.00 to $249.00. This adjustment reflects an 11.70% decrease in the price target.
Despite the reduction in the price target, Bernstein maintains its "Market Perform" rating on FedEx (FDX, Financial), indicating that the firm still sees the stock as performing in line with the broader market.
The updated price target and maintained rating suggest a cautious outlook on FedEx's (FDX, Financial) future performance, as the company navigates current market conditions.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 27 analysts, the average target price for FedEx Corp (FDX, Financial) is $275.74 with a high estimate of $354.00 and a low estimate of $200.00. The average target implies an upside of 23.05% from the current price of $224.10. More detailed estimate data can be found on the FedEx Corp (FDX) Forecast page.
Based on the consensus recommendation from 32 brokerage firms, FedEx Corp's (FDX, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for FedEx Corp (FDX, Financial) in one year is $263.55, suggesting a upside of 17.6% from the current price of $224.1. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the FedEx Corp (FDX) Summary page.
