Forward Air CorporationFWRDNASDAQ
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Analyst Sentiment

Analysts are neutral — opinion is divided on direction.

Consensus Rating
Hold
18 analysts·Moderate coverage
33%
Rating Distribution
Strong Buy
00%
Buy
633%
Hold
950%
Sell
317%
Strong Sell
00%

Analyst ratings reflect Wall Street opinion, not guarantees. Historical accuracy varies by firm and sector.

Price Target Expectations

Analysts see significant upside — consensus target 38% higher.

Bear Case
$32.00
+15%
Consensus
$38.50
+38%
Bull Case
$45.00
+61%
Price Range18 analysts
Low
Consensus
High
$32.00
$45.00
Current Target
Current Price
$27.88
Upside to Target
$10.62

Price targets are 12-month forecasts. Actual results depend on earnings, market conditions, and sector trends.

Earnings & Revenue Estimates

Earnings Surprises

Recent Analyst Actions

Jan 21, 2026Stifel Nicolaus
Forward Air (FWRD) PT Raised to $32 at Stifel: Plans to Serve~$2bn 3PL Market
Target:$32.00
+16.1%from $27.56
Jan 5, 2026Susquehanna
Forward Air price target raised to $45 from $42 at Susquehanna
Target:$45.00
+79.1%from $25.13
Oct 17, 2025Stifel Nicolaus
Forward Air price target lowered to $30 from $32 at Stifel
Target:$30.00
+44.1%from $20.82
Feb 28, 2025Susquehanna
Forward Air price target lowered to $35 from $40 at Susquehanna
Target:$35.00
+55.8%from $22.47
Nov 5, 2024Jefferies
Forward Air (FWRD) PT Lowered to $45 at Jefferies
Target:$45.00
+23.3%from $36.50
Oct 21, 2024Stifel Nicolaus
Forward Air price target raised to $36 from $31 at Stifel
Target:$36.00
-9.2%from $39.66
Oct 18, 2024Jefferies
Forward Air (FWRD) PT Raised to $47 at Jefferies
Target:$47.00
+17.0%from $40.16
Oct 1, 2024Robert W. Baird
Forward Air (FWRD) PT Raised to $32 at Baird
Target:$32.00
-8.4%from $34.92
Jul 3, 2024Robert W. Baird
Forward Air price target raised to $17 from $14 at Baird
Target:$17.00
-12.1%from $19.34
May 21, 2024Stifel Nicolaus
Stifel Reiterates Hold Rating on Forward Air (FWRD)
Target:$23.00
+83.1%from $12.56
Apr 11, 2024Wolfe Research
Forward Air price target lowered to $25 from $31 at Wolfe Research
Target:$25.00
-12.4%from $28.55
Jul 29, 2022Raymond James
Raymond James Bumps Up Forward Air Price Target By ~4%
Target:$140.00
+33.4%from $104.93
Jul 15, 2022Raymond James
Raymond James Cuts Forward Air Price Target By 7%
Target:$135.00
+50.5%from $89.69
Apr 29, 2022Stifel Nicolaus
Stifel Upgrades Forward Air to Buy, Raises Price Target to $136
Target:$136.00
+38.8%from $98.00
Jan 4, 2022Stephens
Stephens Bumps Up Forward Air Price Target By 43%
Target:$165.00
+32.4%from $124.61