Old Dominion Freight Line (ODFL) Stock Forecast & Price Target

$189.89 +0.99 (+0.52%)

Closing price 10/22/2026 04:00 PM Eastern

Extended Trading

$191.63 +1.74 (+0.92%)

As of 10/22/2026 07:53 PM Eastern

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Old Dominion Freight Line - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Hold

Based on 26 Analyst Ratings

Sell
1

Hold
15

Buy
10

Based on 26 Wall Street analysts who have issued ratings for Old Dominion Freight Line in the last 12 months, the stock has a consensus rating of "Hold." Out of the 26 analysts, 1 has given a sell rating, 15 have given a hold rating, and 10 have given a buy rating for ODFL.

Consensus Price Target

$223.48
17.69% Upside

According to the 26 analysts' twelve-month price targets for Old Dominion Freight Line, the average price target is $223.48. The highest price target for ODFL is $260.00, while the lowest price target for ODFL is $172.00. The average price target represents a forecasted upside of 17.69% from the current price of $189.89.

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

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ODFL Analyst Ratings Over Time

Type	Current Forecast 10/23/25 to 10/23/26	1 Month Ago 9/23/25 to 9/23/26	3 Months Ago 7/25/25 to 7/25/26	1 Year Ago 10/23/24 to 10/23/25
Strong Buy	0 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	10 Buy rating(s)	10 Buy rating(s)	10 Buy rating(s)	8 Buy rating(s)
Hold	15 Hold rating(s)	13 Hold rating(s)	14 Hold rating(s)	14 Hold rating(s)
Sell	1 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$223.48	$227.65	$223.04	$163.86
Forecasted Upside	17.69% Upside	28.10% Upside	-4.27% Downside	20.61% Upside
Consensus Rating	Hold	Hold	Hold	Hold

ODFL Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

ODFL Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Old Dominion Freight Line Stock vs. The Competition

Type	Old Dominion Freight Line	Industrials Companies	Broader Market
Consensus Rating Score	2.35	2.30	2.53
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	17.69% Upside	140.97% Upside	15.80% Upside
News Sentiment Rating	Positive News See Recent ODFL News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

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Upside/Downside

Action

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Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
10/8/2026	Stifel Nicolaus 4 of 5 stars	J. Bruce Chan 4 of 5 stars	Set Target	Buy	$263.00 ➝ $230.00	+30.97%
10/7/2026	Truist Financial 2 of 5 stars	Lucas Servera 4 of 5 stars	Set Target	Buy	$250.00 ➝ $230.00	+29.22%
10/7/2026	BMO Capital Markets 3 of 5 stars	Fadi Chamoun 3 of 5 stars	Set Target		$235.00	+32.03%
10/7/2026	Wolfe Research Subscribe to MarketBeat All Access to unlock brokerage rankings	Scott Group Subscribe to MarketBeat All Access to unlock analyst rankings	Upgrade	Underperform ➝ Peer Perform
10/5/2026	JPMorgan Chase & Co. Subscribe to MarketBeat All Access to unlock brokerage rankings	Brian Ossenbeck Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Neutral	$250.00 ➝ $232.00	+29.59%
10/2/2026	Susquehanna Subscribe to MarketBeat All Access to unlock brokerage rankings	Bascome Majors Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Neutral	$232.00 ➝ $202.00	+13.42%
9/28/2026	Zacks Research Subscribe to MarketBeat All Access to unlock brokerage rankings		Downgrade	Strong-Buy ➝ Hold
9/10/2026	Sanford C. Bernstein Subscribe to MarketBeat All Access to unlock brokerage rankings	David Vernon Subscribe to MarketBeat All Access to unlock analyst rankings	Initiated Coverage	Market Perform	$200.00	+9.91%
9/8/2026	Citigroup Subscribe to MarketBeat All Access to unlock brokerage rankings	Ariel Rosa Subscribe to MarketBeat All Access to unlock analyst rankings	Upgrade	Neutral ➝ Buy	$231.00 ➝ $223.00	+19.98%
9/4/2026	Bank of America Subscribe to MarketBeat All Access to unlock brokerage rankings		Lower Target		$240.00 ➝ $205.00	+9.62%
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8/25/2026	Weiss Ratings Subscribe to MarketBeat All Access to unlock brokerage rankings		Downgrade	Hold (C+) ➝ Hold (C)
7/30/2026	UBS Group Subscribe to MarketBeat All Access to unlock brokerage rankings	Thomas Wadewitz Subscribe to MarketBeat All Access to unlock analyst rankings	Reiterated Rating	Neutral	$224.00 ➝ $228.00	+8.19%
7/30/2026	Evercore Subscribe to MarketBeat All Access to unlock brokerage rankings		Reiterated Rating	Outperform	$237.00 ➝ $243.00	+14.34%
7/30/2026	Jefferies Financial Group Subscribe to MarketBeat All Access to unlock brokerage rankings	Stephanie Moore Subscribe to MarketBeat All Access to unlock analyst rankings	Reiterated Rating	Hold	$250.00 ➝ $227.00	+1.89%
7/29/2026	The Goldman Sachs Group Subscribe to MarketBeat All Access to unlock brokerage rankings	Jordan Alliger Subscribe to MarketBeat All Access to unlock analyst rankings	Reiterated Rating	Buy	$235.00 ➝ $244.00	+9.52%
7/13/2026	Raymond James Financial Subscribe to MarketBeat All Access to unlock brokerage rankings	Patrick Tyler Brown Subscribe to MarketBeat All Access to unlock analyst rankings	Reiterated Rating	Outperform	$224.00 ➝ $241.00	+4.63%
7/8/2026	Wells Fargo & Company Subscribe to MarketBeat All Access to unlock brokerage rankings	Christian Wetherbee Subscribe to MarketBeat All Access to unlock analyst rankings	Upgrade	Underweight ➝ Overweight	$235.00 ➝ $250.00	+16.00%
7/6/2026	Morgan Stanley Subscribe to MarketBeat All Access to unlock brokerage rankings	Ravi Shanker Subscribe to MarketBeat All Access to unlock analyst rankings	Reiterated Rating	Overweight ➝ Equal Weight	$235.00 ➝ $245.00	+12.57%
6/25/2026	Barclays Subscribe to MarketBeat All Access to unlock brokerage rankings	Brandon Oglenski Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Equal Weight	$210.00 ➝ $220.00	+0.44%
6/18/2026	Argus Subscribe to MarketBeat All Access to unlock brokerage rankings		Boost Target	Buy	$220.00 ➝ $260.00	+19.07%
6/4/2026	Benchmark Subscribe to MarketBeat All Access to unlock brokerage rankings		Reiterated Rating	Hold
6/3/2026	TD Cowen Subscribe to MarketBeat All Access to unlock brokerage rankings	Jason Seidl Subscribe to MarketBeat All Access to unlock analyst rankings	Reiterated Rating	Hold
5/12/2026	Rothschild & Co Redburn Subscribe to MarketBeat All Access to unlock brokerage rankings		Lower Target	Sell	$176.00 ➝ $172.00	-11.85%
4/30/2026	Stephens Subscribe to MarketBeat All Access to unlock brokerage rankings	Brady Lierz Subscribe to MarketBeat All Access to unlock analyst rankings	Reiterated Rating	Overweight	$232.00 ➝ $240.00	+14.64%
4/28/2026	Robert W. Baird Subscribe to MarketBeat All Access to unlock brokerage rankings	Daniel Moore Subscribe to MarketBeat All Access to unlock analyst rankings	Set Target	Underperform ➝ Neutral	$204.00 ➝ $229.00	+3.84%
2/5/2026	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access to unlock brokerage rankings		Downgrade	Buy ➝ Hold	$205.00	+1.41%
7/31/2025	Vertical Research Subscribe to MarketBeat All Access to unlock brokerage rankings		Upgrade	Hold ➝ Buy	$170.00	+16.07%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 01:12 AM ET.

Should I Buy Old Dominion Freight Line Stock? ODFL Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, October 21, 2026. Please send any questions or comments about these Old Dominion Freight Line pros and cons to contact@marketbeat.com.

Old Dominion Freight Line
Bull Case

Here are some ways that investors could benefit from investing in Old Dominion Freight Line, Inc.:

Old Dominion Freight Line, Inc. is expected to report Q3 2026 earnings on October 28, 2026, with analysts projecting a 25.78% surge in earnings driven by improving freight demand, disciplined pricing, and strong operating efficiency, which suggests the company is successfully navigating market headwinds to drive profitability.
The stock is currently trading at $188.90, which is significantly below the average analyst price target of $223.48, indicating potential upside of approximately 18% as the consensus rating remains "Hold" with a mix of Buy and Sell recommendations from twenty-six analysts covering the company.
Old Dominion Freight Line, Inc. recently beat its Q2 2026 earnings expectations by reporting $1.68 per share in earnings per share compared to the consensus estimate of $1.54, while also achieving a net margin of 19.44% and a return on equity of 24.87%, demonstrating strong financial performance and operational efficiency.
Institutional investors are showing renewed interest in the stock, with Assenagon Asset Management S.A. increasing its position by 209.5% in the third quarter to own 522,979 shares, and Mather Group LLC. increasing its holdings by 111.9%, suggesting that large financial institutions are accumulating shares despite the current market conditions.
Old Dominion Freight Line, Inc. maintains a consistent dividend policy, having recently paid a quarterly dividend of $0.29 per share on September 16, 2026, which represents an annualized yield of 0.6% and a payout ratio of 22.35%, providing a steady income stream for investors while retaining most earnings for growth.

Old Dominion Freight Line
Bear Case

Investors should be bearish about investing in Old Dominion Freight Line, Inc. for these reasons:

Short interest in Old Dominion Freight Line, Inc. has been increasing recently, with shares shorted rising to 8,935,612 as of September 30, 2026, representing a 8.37% month-over-month increase and a short percentage of float of 4.69%, indicating that a significant portion of the market is betting against the stock's future performance.
Several major financial institutions have recently downgraded or lowered their price targets for the stock, including JPMorgan Chase & Co. cutting its target from $250.00 to $232.00 and Wells Fargo downgrading the stock to a "Hold" rating, reflecting a more cautious outlook on the company's growth prospects and valuation.
Old Dominion Freight Line, Inc. is facing challenges from weak freight demand and rising costs, which are posing headwinds to its earnings growth, despite its disciplined pricing strategy, as noted in recent analyst reports that highlight the difficult operating environment for the LTL freight industry.
The stock has experienced significant volatility and recent declines, including a gap down of 7.94% on September 16, 2026, and a 17.89% gap down on June 10, 2026, suggesting that the market is sensitive to negative news and that the stock may be prone to sharp sell-offs in response to adverse developments.
Insider selling activity has been notable, with SVP Cecil E. Overbey, Jr. selling 19,952 shares on August 25, 2026, and Chairman David S. Congdon selling 52,000 shares on February 19, 2026, which may signal that company executives are taking advantage of higher stock prices to reduce their personal holdings.

ODFL Forecast - Frequently Asked Questions

According to the research reports of 26 Wall Street equities research analysts, the average twelve-month stock price forecast for Old Dominion Freight Line is $223.48, with a high forecast of $260.00 and a low forecast of $172.00.

26 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Old Dominion Freight Line in the last year. There is currently 1 sell rating, 15 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" ODFL shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ODFL, but not buy additional shares or sell existing shares.

According to analysts, Old Dominion Freight Line's stock has a predicted upside of 17.69% based on their 12-month stock forecasts.

Over the previous 90 days, Old Dominion Freight Line's stock had 4 upgrades and 2 downgrades by analysts.

Old Dominion Freight Line has been rated by research analysts at Bank of America, BMO Capital Markets, Citigroup, Evercore, Jefferies Financial Group, JPMorgan Chase & Co., Sanford C. Bernstein, Stifel Nicolaus, Susquehanna, The Goldman Sachs Group, Truist Financial, UBS Group, Weiss Ratings, Wolfe Research, and Zacks Research in the past 90 days.

Analysts like Old Dominion Freight Line more than other "industrials" companies. The consensus rating score for Old Dominion Freight Line is 2.35 while the average consensus rating score for "industrials" companies is 2.30. Learn more on how ODFL compares to other companies.

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MarketBeat monitors more than a dozen sources for Old Dominion Freight Line analyst ratings, with the most recent rating issued on 10/8/2026.

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Old Dominion Freight Line (ODFL) Stock Forecast & Price Target