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FWRD
Volume: 157.98K
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Forward Air (FWRD) Stock Forecast & Price Target

Forward Air (FWRD) Analyst Ratings

Based on 3 analyst ratings
Buy
Strong Buy 33%
Buy 33%
Hold 33%
Sell 0%
Strong Sell 0%

Bulls say

Forward Air Corp is poised for growth as it expands into the 3PL industrial market, which is expected to enhance density characteristics and mitigate pressures from shifting market dynamics. The company's asset-light business model in less-than-truckload (LTL) services allows for lower capital expenditures and historically produces stronger returns on invested capital and cash flow compared to more asset-heavy competitors. Additionally, improvements in cash flow generation, operating margins, and working capital management contribute to an optimistic outlook, despite previous concerns surrounding elevated debt levels following recent acquisitions.

Bears say

Forward Air Corp is facing elevated trade-related risks compared to its less-than-truckload (LTL) peers, contributing to a negative outlook on its stock. The company's projected EBITDA for 2Q25 is concerning, with estimates indicating a need for it to decline to approximately $260 million from $313 million in 1Q25, which is significantly lower than the current consensus view of $72 million. Additionally, despite a reduction in capital intensity from 5.5% of revenue in 2008 to below 2% currently, the company's valuation, trading at around 8x FY2 EV, remains notably below both its non-asset third-party logistics (3PL) and asset-based LTL competitors following a substantial drop in share price after the acquisition of Omni.

Forward Air (FWRD) has been analyzed by 3 analysts, with a consensus rating of Buy. 33% of analysts recommend a Strong Buy, 33% recommend Buy, 33% suggest Holding, 0% advise Selling, and 0% predict a Strong Sell.

This aggregate rating is based on analysts' research of Forward Air and is not a guaranteed prediction by Public.com or investment advice.

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FAQs About Forward Air (FWRD) Forecast

Analysts have given Forward Air (FWRD) a Buy based on their latest research and market trends.

According to 3 analysts, Forward Air (FWRD) has a Buy consensus rating as of Oct 14, 2025. This rating is provided by third-party analysts and is not investment advice from Public.com.

Wall Street analysts have set a price target of $34.67, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $34.67, indicating a 0.00% increase from the current stock price, but ratings and forecasts are frequently updated based on market conditions, earnings reports, and industry trends. This prediction is provided by third-party analysts and is not investment advice from Public.com.

Forward Air (FWRD)

Volume: 157.98K

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