Key Takeaways:
- ArcBest (ARCB, Financial) successfully completed a pilot test of the Tesla Semi, spanning 4,494 miles with impressive results in performance and energy efficiency.
- Analysts forecast a modest upside of 4.63% with an average price target of $86.09 for ArcBest.
- The estimated GF Value indicates a potential 18.56% upside from the current stock price.
ArcBest (ARCB) recently completed a comprehensive three-week trial of the Tesla Semi, which covered an impressive 4,494 miles. The test results were encouraging, demonstrating excellent performance and energy efficiency. However, ArcBest highlighted the necessity for enhanced charging infrastructure to facilitate the broader adoption of electric trucks in long-haul operations. Following the announcement, ArcBest shares saw a slight decline of 1.1%.
Wall Street Analysts Forecast
According to projections from 11 analysts, the one-year average target price for ArcBest Corp (ARCB, Financial) stands at $86.09. The estimates vary, with the highest projection at $140.00 and the lowest at $60.00. This average target indicates a potential upside of 4.63% from the current trading price of $82.28. For a more in-depth analysis, visit the ArcBest Corp (ARCB) Forecast page.
Furthermore, ArcBest Corp receives an "Outperform" status based on the consensus recommendation from 13 brokerage firms, achieving an average brokerage recommendation of 2.3. This rating operates on a scale from 1 to 5, where 1 equals a Strong Buy and 5 equals a Sell.
From a valuation perspective, the estimated GF Value for ArcBest Corp (ARCB, Financial) in one year is proposed at $97.55. This suggests a promising upside of 18.56% from the current price of $82.28. The GF Value is GuruFocus' estimation of the fair trading price, calculated using historical trading multiples, past business growth, and future performance forecasts. For additional insights, please refer to the ArcBest Corp (ARCB) Summary page.
