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FWRD
Volume: 746.95K
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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's expansion into the 3PL industrial market is anticipated to enhance its operational density, effectively counteracting any mix pressure and contributing to revenue growth. The company's asset-light logistics model has led to improved capital efficiency, with historically lower capital expenditures yielding stronger returns on invested capital (ROIC) and enhanced cash flow in comparison to more capital-intensive competitors. Furthermore, improvements in cash flow generation, operating margins, and working capital management, alongside a potential shift towards a more shareholder-friendly governance structure, position Forward Air favorably for future growth despite existing elevated debt levels.

Bears say

Forward Air Corp faces substantial financial challenges, with a potential decline in EBITDA projected to approximately $260 million for FY25, raising concerns if the second quarter's figure falls towards $35 million, which is significantly lower than the current consensus estimate of $72 million. Additionally, the company exhibits heightened trade-related risk compared to peers in the less-than-truckload (LTL) sector, compounded by the adverse effects following a costly acquisition of Omni Logistics. Moreover, the valuation of Forward Air's shares has consistently lagged behind both non-asset third-party logistics and asset-based LTL competitors, currently trading at around 8x FY2 EV, reflecting the negative sentiment stemming from past operational and strategic decisions.

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 Nov 4, 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 $33.67, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $33.67, 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: 746.95K

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