Goldman Sachs analyst Jordan Alliger has maintained their bullish stance on FDX stock, giving a Buy rating today.
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Jordan Alliger has given his Buy rating due to a combination of factors that highlight FedEx’s potential for recovery and growth despite current challenges. The company’s recent earnings per share exceeded expectations, driven by stronger revenue in both the Express and LTL segments, which resulted in better-than-forecasted margins. This performance is particularly noteworthy given the existing uncertainties related to tariffs and global trade dynamics.
However, Alliger acknowledges the ongoing challenges, such as soft domestic B2B/industrial volumes and the unpredictable impact of tariffs, especially between China and the USA. Despite these hurdles, the stock’s current valuation appears attractive, trading below its long-term average. This presents a compelling opportunity for investors who are willing to navigate the near-term uncertainties for potential long-term gains.
In another report released today, Stifel Nicolaus also maintained a Buy rating on the stock with a $315.00 price target.
Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FDX in relation to earlier this year.