TD Cowen Issues Positive Forecast for XPO (NYSE:XPO) Stock Price

Key Points

• TD Cowen raised XPO’s price target from $228 to $230 and maintained a “buy” rating, implying approximately 21% upside from the prior close.
• XPO reported strong quarterly results, with adjusted EPS of $1.70 beating estimates and rising revenue of 12.4% year over year to $2.37 billion.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and average target of $221.36, though elevated valuation, freight demand and margin-execution risks remain concerns.

XPO (NYSE:XPO - Get Free Report) had its price target upped by equities research analysts at TD Cowen from $228.00 to $230.00 in a report released on Friday, Benzinga reports. The firm currently has a "buy" rating on the transportation company's stock. TD Cowen's price objective points to a potential upside of 21.17% from the company's previous close.

XPO has been the subject of several other reports. Bank of America raised their price objective on XPO from $228.00 to $230.00 and gave the stock a "buy" rating in a research note on Friday, October 2nd. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $247.00 target price on shares of XPO in a research report on Thursday, July 30th. UBS Group reissued a "buy" rating and issued a $232.00 price target on shares of XPO in a research report on Friday. Weiss Ratings lowered XPO from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, August 25th. Finally, Stephens lifted their target price on shares of XPO from $255.00 to $270.00 and gave the company an "overweight" rating in a research note on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, XPO presently has an average rating of "Moderate Buy" and an average price target of $221.36.

XPO Stock Performance

NYSE XPO traded up $6.80 on Friday, hitting $189.81. The stock had a trading volume of 2,058,091 shares, compared to its average volume of 1,413,193. The company's 50-day moving average is $183.97 and its two-hundred day moving average is $195.95. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.55. The stock has a market cap of $22.22 billion, a price-to-earnings ratio of 55.99, a P/E/G ratio of 1.82 and a beta of 1.85. XPO has a one year low of $124.82 and a one year high of $232.05.

XPO (NYSE:XPO - Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The transportation company reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.12. The company had revenue of $2.37 billion during the quarter, compared to analysts' expectations of $2.38 billion. XPO had a return on equity of 29.64% and a net margin of 4.71%. The company's revenue for the quarter was up 12.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.07 earnings per share. On average, analysts expect that XPO will post 5.47 earnings per share for the current year.

Insiders Place Their Bets

In other XPO news, COO David J. Bates sold 2,615 shares of XPO stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $177.93, for a total value of $465,286.95. Following the transaction, the chief operating officer owned 62,120 shares of the company's stock, valued at approximately $11,053,011.60. The trade was a 4.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Christopher Brown sold 3,750 shares of the company's stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $201.94, for a total transaction of $757,275.00. Following the completion of the transaction, the chief accounting officer directly owned 31,005 shares of the company's stock, valued at approximately $6,261,149.70. The trade was a 10.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 11,730 shares of company stock worth $2,208,974. Company insiders own 0.87% of the company's stock.

Institutional Trading of XPO

A number of institutional investors have recently made changes to their positions in the business. National Pension Service acquired a new stake in shares of XPO in the second quarter valued at about $37,695,000. Renaissance Technologies LLC lifted its position in XPO by 73.3% during the first quarter. Renaissance Technologies LLC now owns 178,720 shares of the transportation company's stock worth $34,770,000 after acquiring an additional 75,600 shares during the last quarter. K.J. Harrison & Partners Inc acquired a new position in XPO in the 2nd quarter valued at $4,927,000. MFN Partners Management LP bought a new position in XPO during the second quarter worth about $2,026,148,865. Finally, Concurrent Investment Advisors LLC raised its holdings in XPO by 325.1% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 15,420 shares of the transportation company's stock valued at $3,166,000 after acquiring an additional 11,793 shares in the last quarter. Institutional investors own 97.73% of the company's stock.

XPO News Summary

Here are the key news stories impacting XPO this week:

• Positive Sentiment: Adjusted EPS beat estimates: XPO reported third-quarter adjusted earnings of $1.70 per share, up from $1.07 a year earlier and above the roughly $1.56–$1.58 analyst consensus. Reported diluted EPS was $1.53, compared with $0.68 in the prior-year quarter. XPO Reports Third Quarter 2026 Results
• Positive Sentiment: Revenue and freight volumes grew: Revenue increased 12.4% year over year to $2.37 billion, broadly in line with expectations. North American less-than-truckload revenue rose 17%, including fuel surcharges, while tonnage increased 5%—the company’s strongest volume performance in years. After Another Strong Quarter, XPO Sees More Room for Margin Improvements
• Positive Sentiment: Margin improvement remains a catalyst: Pricing actions, operating initiatives and a greater focus on higher-margin freight helped drive the earnings beat. Management indicated there is additional room to improve margins, supporting expectations for continued earnings growth. XPO’s Pricing, Operating Initiatives Drive Q3 Beat
• Neutral Sentiment: Analyst remains bullish but trims target: Wells Fargo reduced its price target from $250 to $230 while maintaining an “overweight” rating, suggesting upside but reflecting more measured expectations after XPO’s substantial advance. Wells Fargo XPO Rating
• Negative Sentiment: Valuation and execution risks remain: Commentary noted that XPO’s stock has already gained substantially, while its elevated earnings multiple leaves less room for disappointment. Revenue was slightly below consensus, and investors will continue monitoring freight demand, pricing, fuel costs and margin execution.

XPO Company Profile

XPO, Inc is a transportation and logistics company that provides freight-moving services to businesses across North America and Europe. Its operations are centered on less-than-truckload (LTL) transportation, which involves consolidating shipments from multiple customers onto a single truck and is commonly used for freight that does not require a full trailer.

In North America, XPO provides regional, interregional and national LTL services, along with related offerings such as freight pickup and delivery, shipment visibility and technology-enabled transportation management.

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