FedEx (NYSE:FDX) Price Target Raised to $424.00

Key Points

• JPMorgan raised its price target on FedEx from $294 to $424 while keeping a "neutral" rating, implying about a 17.93% upside from the prior close.
• Multiple brokerages also lifted targets (e.g., TD Cowen to $383, Citigroup to $401, BMO to $400), and the stock's consensus is a "Moderate Buy" with an average price target of $371.
• Fundamentals remain solid: FedEx beat quarterly estimates with $4.82 EPS (vs. $4.02) and $23.47B revenue, set FY2026 EPS guidance of 17.8–19.0, and the stock traded around $359.52 (market cap ≈ $84.5B).

FedEx (NYSE:FDX - Get Free Report) had its price target hoisted by equities researchers at JPMorgan Chase & Co. from $294.00 to $424.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a "neutral" rating on the shipping service provider's stock. JPMorgan Chase & Co.'s target price would suggest a potential upside of 17.93% from the company's previous close.

Several other equities analysts have also issued reports on FDX. TD Cowen raised their price target on FedEx from $313.00 to $383.00 and gave the stock a "buy" rating in a research report on Friday, February 13th. Citigroup raised their target price on shares of FedEx from $327.00 to $401.00 and gave the stock a "buy" rating in a report on Thursday, February 5th. BMO Capital Markets lifted their target price on shares of FedEx from $290.00 to $400.00 and gave the stock a "market perform" rating in a research note on Friday, February 13th. Morgan Stanley increased their price target on shares of FedEx from $200.00 to $210.00 and gave the company an "underweight" rating in a research report on Friday, December 19th. Finally, Royal Bank Of Canada lowered shares of FedEx to a "sector perform" rating in a report on Wednesday, December 17th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $371.00.

FedEx Trading Down 0.4%

Shares of FedEx stock traded down $1.58 during trading on Tuesday, reaching $359.52. The company's stock had a trading volume of 1,521,524 shares, compared to its average volume of 1,929,606. The company has a market cap of $84.53 billion, a price-to-earnings ratio of 19.82, a PEG ratio of 1.71 and a beta of 1.29. The firm's 50-day moving average is $341.22 and its two-hundred day moving average is $283.87. FedEx has a 52-week low of $194.29 and a 52-week high of $392.86. The company has a quick ratio of 1.23, a current ratio of 1.27 and a debt-to-equity ratio of 0.72.

FedEx (NYSE:FDX - Get Free Report) last posted its quarterly earnings results on Thursday, December 18th. The shipping service provider reported $4.82 earnings per share for the quarter, topping the consensus estimate of $4.02 by $0.80. FedEx had a net margin of 4.81% and a return on equity of 16.63%. The business had revenue of $23.47 billion during the quarter, compared to the consensus estimate of $22.79 billion. During the same period in the previous year, the firm posted $4.05 earnings per share. The firm's revenue for the quarter was up 6.8% on a year-over-year basis. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. On average, sell-side analysts anticipate that FedEx will post 19.14 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in FDX. OneAscent Financial Services LLC grew its holdings in FedEx by 1.7% during the 4th quarter. OneAscent Financial Services LLC now owns 1,699 shares of the shipping service provider's stock worth $491,000 after acquiring an additional 29 shares in the last quarter. Arete Wealth Advisors LLC grew its stake in FedEx by 1.7% in the fourth quarter. Arete Wealth Advisors LLC now owns 1,778 shares of the shipping service provider's stock worth $514,000 after purchasing an additional 30 shares in the last quarter. LRI Investments LLC raised its stake in FedEx by 5.2% during the fourth quarter. LRI Investments LLC now owns 632 shares of the shipping service provider's stock valued at $183,000 after buying an additional 31 shares in the last quarter. Cary Street Partners Investment Advisory LLC lifted its holdings in FedEx by 11.9% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 292 shares of the shipping service provider's stock worth $84,000 after buying an additional 31 shares during the last quarter. Finally, Legacy Bridge LLC grew its position in shares of FedEx by 33.0% in the 4th quarter. Legacy Bridge LLC now owns 133 shares of the shipping service provider's stock worth $38,000 after acquiring an additional 33 shares in the last quarter. Hedge funds and other institutional investors own 84.47% of the company's stock.

FedEx Company Profile

FedEx Corporation NYSE: FDX is a global logistics and courier company headquartered in Memphis, Tennessee. Founded by Frederick W. Smith in 1971 and beginning operations in the early 1970s, the company pioneered overnight express shipping and has since expanded into a diversified portfolio of transportation, e-commerce and supply-chain services. FedEx operates an integrated air-and-ground network that moves parcels, freight and documents for businesses and consumers worldwide.

FedEx's core operating segments include express parcel delivery via its FedEx Express division, domestic and residential parcel delivery through FedEx Ground, less-than-truckload (LTL) freight services, and logistics and supply-chain management solutions.

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