ArcBest Price Target Raised to $137 as Solid Fundamentals Meet Full Valuation, Justifying Hold Rating

Jason Seidl, an analyst from TD Cowen, reiterated the Hold rating on ArcBest. The associated price target was raised to $137.00.

Jason Seidl has given his Hold rating due to a combination of factors related to ArcBest’s recent performance and outlook. He notes that the company delivered better‑than‑expected first‑quarter earnings and issued second‑quarter guidance that surpassed market expectations, supported by strong tonnage trends and improved pricing in the asset‑based business as truckload capacity tightens.

At the same time, Seidl acknowledges that much of this momentum, including a sharp improvement in asset‑light profitability, appears increasingly reflected in the stock following a substantial upward revision of his price target to $137. With solid fundamentals but a valuation that already discounts a meaningful portion of the upside, he believes the risk‑reward profile is balanced, justifying a continued Hold recommendation.