55/100BFedEx stock forecast 2027–2030What is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Analysts' average 12-month price target for FedEx is 301.85, 6.1% below the current price of 321.41. Their targets range from 140.00 to 425.00.
Of the 18 firms that rated FedEx in the past 12 months, 13 rate it buy or strong buy, 4 hold and 1 sell or strong sell (each firm at its latest rating): a Buy consensus.
Analysts' 1-year price targets range from 140.00 to 425.00, with an average of 301.85.
| Buy | 13 | |
| Hold | 4 | |
| Sell | 1 |
12-month price target
| Highest target | 425.00 |
| Average target | 301.85 |
| Lowest target | 140.00 |
| Current price | 321.41 |
FedEx price target historyWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Have analysts recently raised or lowered their FedEx price target and rating?
How analysts rate FedEx, month by monthWhat is the analyst rating? The analyst rating sums up what the analysts covering a stock recommend, from strong buy to strong sell, by the share of them rating it a buy.
13 of 18 firms rate it buy now, against 10 of 18 in December 2025.
Each month: every firm at its latest rating from the 12 months before. Strong buys count as buys, strong sells as sells.
FedEx analyst upgrades, downgrades and price targets
The latest rating change came on 27 May 2026, when JP Morgan upgraded FedEx from Neutral to Overweight. The most recent new target came from Raymond James on 3 November 2026: 162.00.
| Date | Firm | Rating | Price target | Change | Price then |
|---|---|---|---|---|---|
| 3 Nov 2026 | Raymond James Patrick Tyler | — | 330.00 → 162.00 | -50.9% | 318.25 |
| 29 Oct 2026 | HSBC | — | 335.00 → 370.00 | +10.4% | 303.39 |
| 27 Oct 2026 | RBC Capital | — | 359.00 | — | 300.58 |
| 26 Oct 2026 | Bernstein | — | 397.00 → 377.00 | -5.0% | 298.72 |
| 29 Sept 2026 | Wells Fargo | — | 425.00 → 140.00 | -67.1% | 289.65 |
| 9 Sept 2026 | Evercore ISI Jonathan Chappell | Reiterated · In Line | 165.00 → 350.00 | +112.1% | 314.13 |
| 28 Aug 2026 | Raymond James Patrick Tyler Brown | — | 180.00 → 330.00 | +83.3% | 331.41 |
| 26 Jun 2026 | Evercore ISI | — | 380.00 → 165.00 | -56.6% | 329.44 |
| 25 Jun 2026 | Truist Financial | Reiterated · Buy | 155.00 → 365.00 | +135.5% | 316.83 |
| 24 Jun 2026 | Bernstein David Vernon | — | 424.00 → 397.00 | -6.4% | 315.12 |
| 24 Jun 2026 | UBS Thomas Wadewitz | Reiterated · Buy | 445.00 → 350.00 | -21.3% | 317.24 |
| 24 Jun 2026 | Stifel Nicolaus Bruce Chan | Reiterated · Buy | 442.00 → 326.00 | -26.2% | 317.24 |
| 23 Jun 2026 | Jefferies Stephanie Moore | — | 326.00 → 200.00 | -38.7% | 328.78 |
| 22 Jun 2026 | Stifel Nicolaus Bruce Chan | — | 412.00 → 442.00 | +7.3% | 330.00 |
| 18 Jun 2026 | Bernstein | — | 457.00 → 424.00 | -7.2% | 326.20 |
| 17 Jun 2026 | Wells Fargo | Reiterated · Overweight | 430.00 → 425.00 | -1.2% | 335.74 |
| 12 Jun 2026 | Barclays | Reiterated · Overweight | 450.00 → 425.00 | -5.6% | 338.00 |
| 3 Jun 2026 | Morgan Stanley | Reiterated · Underweight | 210.00 → 160.00 | -23.8% | 329.00 |
| 3 Jun 2026 | Raymond James Patrick Tyler | — | 255.00 → 180.00 | -29.4% | 329.00 |
| 2 Jun 2026 | Truist Financial Lucas Servera | — | 330.00 → 155.00 | -53.0% | 338.49 |
| 1 Jun 2026 | BMO Capital Fadi Chamoun | — | 290.00 → 340.00 | +17.2% | 334.68 |
| 27 May 2026 | JP Morgan | Upgraded · Neutral → Overweight | — | — | — |
| 22 May 2026 | UBS Thomas Wadewitz | Reiterated · Buy | 412.00 → 445.00 | +8.0% | 388.91 |
| 6 Mar 2026 | Bernstein David Vernon | — | 427.00 → 457.00 | +7.0% | 355.35 |
| 25 Feb 2026 | HSBC | — | 335.00 | — | 384.59 |
| 24 Feb 2026 | Evercore ISI Jonathan Chappell | Reiterated · In Line | 364.00 → 380.00 | +4.4% | 386.13 |
| 13 Feb 2026 | Stifel Nicolaus Bruce Chan | — | 328.00 → 412.00 | +25.6% | 375.53 |
| 13 Feb 2026 | Evercore ISI | Reiterated · In Line | 243.00 → 364.00 | +49.8% | 371.19 |
| 13 Feb 2026 | Deutsche Bank | — | 322.00 → 479.00 | +48.8% | 366.75 |
| 13 Feb 2026 | Wells Fargo Christian Wetherbee | Reiterated · Overweight | 380.00 → 430.00 | +13.2% | 369.46 |
| 12 Feb 2026 | Goldman Sachs Jordan Alliger | — | 364.00 | — | 369.46 |
| 10 Feb 2026 | Barclays | Reiterated · Overweight | 450.00 | — | 364.60 |
| 4 Feb 2026 | UBS Thomas Wadewitz | Reiterated · Buy | 412.00 | — | 353.43 |
| 3 Feb 2026 | Bernstein | — | 306.00 → 427.00 | +39.5% | 335.30 |
| 3 Feb 2026 | Wells Fargo | Upgraded · Equal Weight → Overweight | 295.00 → 380.00 | +28.8% | 335.30 |
| 21 Jan 2026 | Redburn Partners | — | 271.00 → 317.00 | +17.0% | 301.03 |
| 21 Jan 2026 | Redburn Partners | — | 271.00 | — | 301.03 |
| 21 Jan 2026 | Wolfe Research | — | 355.00 | — | 301.03 |
| 21 Jan 2026 | Rothschild & Co | Downgraded · Buy → Neutral | — | — | — |
| 13 Jan 2026 | BNP Paribas Hugo Watkins | — | 280.00 | — | 311.92 |
| 9 Jan 2026 | Bernstein | Reiterated · Market Perform | 247.00 → 306.00 | +23.9% | 309.01 |
| 19 Dec 2025 | Stifel Nicolaus | Reiterated · Buy | 305.00 → 328.00 | +7.5% | 284.02 |
| 19 Dec 2025 | BMO Capital Fadi Chamoun | Reiterated · Market Perform | 255.00 → 290.00 | +13.7% | 287.12 |
| 19 Dec 2025 | Morgan Stanley Ravi Shanker | Reiterated · Underweight | 210.00 | — | 287.12 |
| 19 Dec 2025 | Truist Financial Lucas Servera | Reiterated · Buy | 285.00 → 330.00 | +15.8% | 286.20 |
| 19 Dec 2025 | Jefferies Stephanie Moore | Reiterated · Buy | 326.00 | — | 287.12 |
| 19 Dec 2025 | Wells Fargo | Reiterated · Equal Weight | 290.00 → 295.00 | +1.7% | 287.12 |
| 17 Dec 2025 | Deutsche Bank | — | 337.00 → 322.00 | -4.5% | 284.81 |
| 16 Dec 2025 | Stifel Nicolaus | Reiterated · Buy | 297.00 → 305.00 | +2.7% | 281.23 |
| 8 Dec 2025 | Wells Fargo | Reiterated · Equal Weight | 290.00 | — | 274.29 |
FedEx EPS and revenue estimatesWhat are estimate revisions? Estimate revisions are the changes analysts make to their EPS and revenue forecasts for the years ahead. They show whether expectations are rising or falling.
Analysts expect FedEx's EPS to grow 6.7% a year until 2028. Over the last 5 years it fell 1.0% a year, and over the last 3 years it grew 6.2%.
Analysts expect FedEx's revenue to grow 1.5% a year until 2029, about as fast as over the last 5 years (2.5% a year) and the last 3 years (1.7%).
Revenue
EPS
Does FedEx beat earnings estimates?What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
On average, analysts' EPS estimate was 12.6% off the result, either way, and their revenue estimate 1.9%, over the last 12 quarters.
- EPS beats
- 88 / 136
- Revenue beats
- 75 / 120
- Average EPS surprise, last 12What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
- +7.3%
- Since
- March 1993
| Quarter | Report date | EPS estimate | Reported EPS | Surprise | Revenue estimate | Reported revenue | Surprise |
|---|---|---|---|---|---|---|---|
| Q1 FY2027 | 28 Oct 2026 | 3.34 | 3.74 | +12.0% | 22.73B | 22.86B | +0.5% |
| Q4 FY2026 | 23 Jun 2026 | 5.96 | 6.31 | +5.9% | 24.04B | 25.00B | +4.0% |
| Q3 FY2026 | 19 Mar 2026 | 3.34 | 5.25 | +57.2% | 22.78B | 24.00B | +5.3% |
| Q2 FY2026 | 18 Dec 2025 | 4.07 | 4.82 | +18.4% | 22.78B | 23.50B | +3.1% |
| Q1 FY2026 | 18 Sept 2025 | 3.60 | 3.83 | +6.4% | 21.65B | 22.20B | +2.6% |
| Q4 FY2025 | 24 Jun 2025 | 5.82 | 6.07 | +4.3% | 21.74B | 22.20B | +2.1% |
| Q3 FY2025 | 20 Mar 2025 | 4.65 | 4.51 | -3.0% | 21.87B | 22.20B | +1.5% |
| Q2 FY2025 | 19 Dec 2024 | 3.95 | 4.05 | +2.5% | 22.12B | 22.00B | -0.5% |
| Q1 FY2025 | 19 Sept 2024 | 4.76 | 3.60 | -24.4% | 21.83B | 21.60B | -1.1% |
| Q4 FY2024 | 25 Jun 2024 | 5.35 | 5.41 | +1.1% | 22.02B | 22.10B | +0.3% |
| Q3 FY2024 | 21 Mar 2024 | 3.45 | 3.86 | +11.9% | 21.95B | 21.70B | -1.2% |
| Q2 FY2024 | 19 Dec 2023 | 4.18 | 3.99 | -4.5% | 22.31B | 22.20B | -0.5% |
FedEx stock price 2027–2030: scenariosHow are the stock price scenarios calculated? Bear, base and bull prices for the years ahead: the analysts' EPS estimates times the lowest, average and highest P/E of the stock today and at its last five year ends, or of its peers.
If FedEx's earnings keep growing at the 2.2% a year analysts expect to FY2028, it would earn about 22.03 a share in FY2030. At the P/E it has traded at over the last five years (10.4 to 18.2) that is 228.14 to 402.01 a share, or 282.12 at its average P/E of 12.8. This is arithmetic on the analysts' estimates, not a prediction.
| Fiscal year | EPS | Bear | Base | Bull |
|---|---|---|---|---|
| FY2027 | 18.34 | 189.92 | 234.85 | 334.65 |
| FY2028 | 21.10 | 218.51 | 270.21 | 385.04 |
| FY2029 (extrapolated) | 21.56 | 223.27 | 276.10 | 393.43 |
| FY2030 (extrapolated) | 22.03 | 228.14 | 282.12 | 402.01 |
Each year's EPS is the analysts' consensus to FY2028; the years after grow 2.2% a year (the analysts' growth, at most 15%). Bear, base and bull apply the lowest, average and highest P/E of today and the last five fiscal year ends, leaving out any above 60, the mark of a year of collapsed earnings (10.4, 12.8, 18.2).
Is FedEx stock undervalued or overvalued?How does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
FedEx's P/E of 17.5 is near the top of its 5-year range (8.3 to 18.5, median 12.6). Analysts expect faster growth than in recent years, which can explain part of the high P/E. Its forward P/E, on the consensus for FY2027, is 17.5.
- Five-year median P/EWhat is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 12.62
- Five-year P/E range
- 8.3 – 18.5
- Forward P/E (FY2027)What is the forward P/E ratio? Forward P/E divides a share's price by the earnings per share analysts expect in the coming year, rather than last year's actual earnings.
- 17.53
- To the average targetWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
- -6.1%
Most undervalued US stocksHow does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
| Stock | Price | Fair value | Upside |
|---|---|---|---|
| 35.850 | 71.4258Price 35.85193 | +99.2% | |
| 29.050 | 56.2634Price 29.0596 | +93.7% | |
| 241.000 | 464.49205Price 241.00627 | +92.7% | |
| 123.590 | 237.24178Price 123.59297 | +92.0% | |
| 161.400 | 305.52159Price 161.40396 | +89.3% | |
| 157.460 | 297.58169Price 157.46471 | +89.0% | |
| 217.560 | 405.38304Price 217.56507 | +86.3% |
Furthest below the fair value on each stock's page, updated every day.