FedEx, the Industrials sector company, was revisited by a Wall Street analyst today. Analyst Thomas Wadewitz from UBS assigned a Buy rating on the stock and has a $446.00 price target.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Thomas Wadewitz has given his Buy rating due to a combination of factors that point to attractive medium‑term upside for FedEx. He views the company’s three‑year revenue and EBIT growth goals for the Freight segment as realistic, with internal initiatives around yield management, service quality, and disciplined market participation likely to drive steady margin expansion beyond the formal targets.
He also emphasizes that FedEx’s investments in a dedicated LTL sales force, upgraded booking and billing technology, and broader tech and AI tools should support both volume growth and pricing power even as the company navigates transition risks tied to the Freight spin‑off and shared‑services unwinding. In his valuation work, applying a 17x multiple to projected 2027 earnings produces a price target that implies further upside, reinforced by multi‑year margin improvement potential across both parcel and freight operations, which underpins his Buy recommendation on FDX.
In another report released today, Wells Fargo also maintained a Buy rating on the stock with a $450.00 price target.