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Forward Air (FWRD): analyst forecast and price target

$15.04 −5.05% close 16.10.26 · market cap $525M · Industrials · Integrated Freight & Logistics IWM 0.01%
Price targets and ratings of

Analyst consensus

Moderate Buy

1 Buy0 Hold0 Sell

Ratings of 1 analysts in the last 3 months · top analysts only

12-month forecast

$24.00+59.6% upside

Based on 1 price targets given in the last 3 months, the average target is $24.00, the highest $24.00, the lowest $24.00. The average is +59.6% from the last price of $15.04.

$10.00$20.00$30.00Jan 26AprJulOctJan 27AprJulOctHigh$24.00Average$24.00Low$24.00
Highest target $24.00 Average target $24.00 Lowest target $24.00
AnalystFirmPrice target RatingUpsideAction Date Move vs SPY
J. Bruce Chan★★★★★★★★★★#2357 · hits 52% · avg +5.8% Stifel Nicolaus $27.00 → $24.00−11.1% Buy +59.6% Reiterated 08.10.26on TipRanks 06:55 +6.6%next day −4.8% · 5 days −2.7%
Harrison Bauer★★★★★★★★★★#6753 · hits 46% · avg +2.6% Susquehanna $29.00 → $25.00−13.8% Buy +66.2% Reiterated 02.10.26on TipRanks 08:45 +1.9%next day −6.0% · 5 days −2.9%
Harrison Bauer★★★★★★★★★★#6753 · hits 46% · avg +2.6% Susquehanna $18.00 → $29.00+61.1% Buy +92.8% Assigned 13.08.26on TipRanks 07:50 +2.9%next day −5.9% · 5 days −10.0%
J. Bruce Chan★★★★★★★★★★#2357 · hits 52% · avg +5.8% Stifel Nicolaus $19.00 → $27.00+42.1% Buy +79.5% Reiterated 06.08.26on TipRanks 07:56 +15.7%next day +8.1% · 5 days +12.3%
Bascome Majors★★★★★★★★★★#685 · hits 62% · avg +11.1% Stephens $42.00 → $45.00+7.1% Buy +199.2% Reiterated 05.01.26on TipRanks 07:45 +0.6%next day +1.2% · 5 days +6.7%
Christopher Kuhn★★★★★★★★★★#701 · hits 64% · avg +20.6% Benchmark Co. — Hold — Reiterated 10.11.25on TipRanks 07:50 +1.5%next day +0.5% · 5 days −0.2%

Every rating the collector has kept for the last 12 months, including the earlier ones of the same analyst. Latest of each analyst

Best analysts covering Forward Air

TipRanks picks them by their record on this stock; the figures under the name are their record across all their ratings.

Most accurate

3 months J. Bruce Chan★★★★★★★★★★Stifel Nicolaus · #2357
Hits 52%173 of 330 Average return +5.8%
1 year J. Bruce Chan★★★★★★★★★★Stifel Nicolaus · #2357
Hits 52%173 of 330 Average return +5.8%
2 years J. Bruce Chan★★★★★★★★★★Stifel Nicolaus · #2357
Hits 52%173 of 330 Average return +5.8%

Most profitable

3 months J. Bruce Chan★★★★★★★★★★Stifel Nicolaus · #2357
Hits 52%173 of 330 Average return +5.8%
1 year J. Bruce Chan★★★★★★★★★★Stifel Nicolaus · #2357
Hits 52%173 of 330 Average return +5.8%
2 years J. Bruce Chan★★★★★★★★★★Stifel Nicolaus · #2357
Hits 52%173 of 330 Average return +5.8%

How the average price target moved

The average target of all analysts (their ratings of the 3 months before) on each day, the top analysts’ dashed, against the price; the site keeps this record since 1 October 2026. On 01.10.26: target $28.00 at a price of $15.25 (+83.6%); now: $24.50 at $15.04 (+62.9%).

$15.00$20.00$25.00Sep 15Oct 1Oct 15Top analysts$24.00Average target$24.50Price$15.04

PriceAverage targetTop analysts’ target

Recommendation trend · top analysts

0246122Oct 2523Nov33Dec132Jan 2612Feb21Mar11Apr21May11Jun11Jul11Aug11Sep11Oct

Strong BuyBuyHoldSell

Rating05.2606.2607.2608.2609.2610.26
Strong Buy211111
Buy111111
Hold000000
Sell000000

Earnings and sales forecast

Next report: 09.11.26 (Q3 2026, date not confirmed)

Earnings per share

Next quarter’s EPS estimate — $0.13 (from $0.04 to $0.26). Last quarter: $1.61.

Sales

Next quarter’s sales estimate — $673M (from $647M to $688M). Last quarter: $673M.

Best top-analyst consensus in the sector · Industrials

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About Forward Air
  • CEO: Shawn Stewart
  • Employees: 6,062
  • 3200 Olympus Boulevard, Dallas, TN, 75019, US
  • www.forwardair.com

Forward Air Corporation, including its various subsidiaries, functions as a streamlined transportation and logistics enterprise throughout the United States and Canada, operating with an asset-light model. The company's business is structured into two principal divisions: Expedited Freight and Intermodal. The Expedited Freight segment delivers time-sensitive regional, inter-regional, and national less-than-truckload (LTL) services, complemented by local collection and delivery capabilities. This comprehensive segment also extends to final-mile services, full truckload transport, cargo consolidation and deconsolidation, storage solutions, customs brokerage, and general freight handling. Furthermore, it encompasses expedited truckload brokerage, dedicated fleet operations, and specialized logistics for high-security or temperature-sensitive goods. The Intermodal segment primarily focuses on drayage services for intermodal containers. It also provides contract warehousing as well as container freight station (CFS) warehousing and related handling services. Forward Air caters to a diverse customer base, which includes freight forwarders, third-party logistics (3PL) providers, integrated air cargo companies, both passenger and cargo airlines, ocean carriers, and retailers. Founded in 1981, Forward Air Corporation is based in Greeneville, Tennessee.

Data from the stock’s TipRanks forecast page, read 14 min ago. It is read again as soon as a new rating appears and at least every 8 hours. TipRanks ↗