- FedEx's stock receives an upgrade from BNP Paribas, targeting a price of $270.
- Market analysts anticipate a moderate upside of 9.62% for FedEx shares.
- GuruFocus projects a potential 10.96% increase based on the GF Value estimate.
FedEx (NYSE: FDX) experienced a positive shift in early trading after BNP Paribas raised its stock rating from Underperform to Outperform, aligning its new price target at $270. This upgrade reflects FedEx's strong operational performance relative to UPS, despite facing stiff competition from Amazon. Consequently, FedEx shares saw a 1.3% climb to $242.33.
Wall Street Analysts' Projections
An analysis from 27 market experts sets the one-year price projection for FedEx Corp (FDX, Financial) at an average of $262.15. This includes a high forecast of $320.00 and a low of $200.00, indicating a potential return of 9.62% over the current trading price of $239.14. For a more detailed breakdown, visit the FedEx Corp (FDX) Forecast page.
When considering insights from 32 brokerage firms, FedEx Corp (FDX, Financial) holds an average recommendation of 2.2, categorized as "Outperform." The evaluation scale spans from 1, denoting a Strong Buy, to 5, reflecting a Sell recommendation.
GF Value Analysis: Potential Upside
According to estimates by GuruFocus, the projected GF Value for FedEx Corp (FDX, Financial) in the coming year is $265.36. This suggests a potential increase of 10.96% from the present price of $239.14. The GF Value is derived from historical trading multiples, past growth trajectories, and future performance forecasts. For comprehensive insights, explore the FedEx Corp (FDX) Summary page.
