In a report released today, Jason Seidl from TD Cowen reiterated a Buy rating on FedEx, with a price target of $383.00.
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Jason Seidl has given his Buy rating due to a combination of factors tied to FedEx’s strategic shift toward higher-quality revenue and network modernization. He highlights management’s focus on expanding in profitable B2B segments and high-yield verticals such as data centers, healthcare, automotive, and premium long-haul e‑commerce, which together present a sizable addressable market and a long runway for margin-accretive growth.
Seidl also points to the Network 2.0 initiative, where a growing share of volumes is already flowing through an optimized network that is delivering meaningful cost reductions, particularly in pickup and delivery. With sizable, still-intact cost-saving targets, a disciplined approach to integration, and long-term free cash flow guidance that appears conservative, he sees room for upside to earnings and cash generation, supporting his $383 price target and Buy recommendation.
In another report released today, Deutsche Bank also maintained a Buy rating on the stock with a $479.00 price target.