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Forward Air (FWRD) Stock Forecast, Price Target & Predictions

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FWRD Stock Forecast

Forward Air (FWRD) stock forecast, based on 21 Wall Street analysts, predicts a 12-month average price target of $24.50, with a high of $25.00 and a low of $24.00. This represents a 60.13% increase from the last price of $15.30.

$10 $14 $18 $22 $26 $30 High: $25 Avg: $24.5 Low: $24 Last Closed Price: $15.3

FWRD Stock Rating

Forward Air stock's rating consensus is Hold, based on 21 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 7 Buy (33.33%), 11 Hold (52.38%), 3 Sell (14.29%), and 0 Strong Sell (0.00%).

Hold
Total 21 3 11 7 0 Strong Sell Sell Hold Buy Strong Buy

FWRD Price Target Upside V Benchmarks

TypeNameUpside
StockForward Air60.13%
SectorIndustrials Stocks 17.81%
IndustryLogistics Stocks18.46%

Price Target Trends

1M3M12M
# Anlaysts239
Avg Price Target$24.50$26.00$27.89
Last Closing Price$15.30$15.30$15.30
Upside/Downside60.13%69.93%82.29%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Oct, 26-23--5
Sep, 26-23--5
Aug, 26-23--5
Jul, 26-33--6
Jun, 26-33--6
Analyst Price Target Forecasts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 08, 2026Stifel Nicolaus$24.00$15.3756.15%56.86%
Oct 02, 2026Susquehanna$25.00$15.9656.64%63.40%
Aug 13, 2026Susquehanna$29.00$19.4948.79%89.54%
Jul 21, 2026Stifel Nicolaus$19.00$15.9918.82%24.18%
May 08, 2026Susquehanna$18.00$10.6968.38%17.65%
May 08, 2026Stifel Nicolaus$17.00$17.33-1.90%11.11%
Feb 24, 2026Bascome MajorsSusquehanna$42.00$26.4758.67%174.51%
Jan 21, 2026Bruce ChanStifel Nicolaus$32.00$27.5616.11%109.15%
Jan 05, 2026Susquehanna$45.00$25.1379.07%194.12%
Oct 17, 2025Stifel Nicolaus$30.00$20.8244.09%96.08%
Analyst Rating Forecasts
DateCompanyPrevious RatingNew RatingRating Change
Aug 13, 2026SusquehannaPositivePositivehold
Feb 24, 2026SusquehannaPositivePositivehold
Jan 05, 2026SusquehannaPositivePositivehold
Nov 06, 2025JefferiesBuyBuyhold
Oct 18, 2024JefferiesBuyBuyhold
May 28, 2024Wolfe ResearchPositivePeer Performupgrade
May 28, 2024Wolfe ResearchUnderperformPositiveupgrade
Jan 10, 2024Wolfe ResearchUnderperformdowngrade
Aug 29, 2023JefferiesBuyupgrade
Aug 11, 2023Raymond JamesStrong BuyMarket Performdowngrade

Financial Forecast

EPS Forecast

$-30 $-22 $-14 $-6 $2 $10 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26
Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26
Reported$3.87$7.18$0.44$-29.43$-3.48-
Avg Forecast$4.17$7.47$4.22$-0.72$0.37$0.91
High Forecast$4.34$7.78$4.24$-0.69$0.80$1.53
Low Forecast$4.07$7.23$4.18$-0.75$0.12$0.30
Surprise %-7.19%-3.88%-89.57%3987.50%-1040.54%-

Revenue Forecast

$1B $1B $2B $2B $3B $3B Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26
Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26
Reported$1.39B$1.68B$1.37B$2.47B$2.50B-
Avg Forecast$1.65B$2.00B$1.65B$2.51B$2.74B$2.88B
High Forecast$1.70B$2.06B$1.66B$2.60B$2.84B$2.95B
Low Forecast$1.61B$1.95B$1.61B$2.45B$2.68B$2.81B
Surprise %-15.70%-15.87%-16.91%-1.37%-8.99%-

Net Income Forecast

$-1B $-700M $-400M $-100M $200M $500M Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26
Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26
Reported$105.86M$193.19M$167.35M$-816.97M$-107.80M-
Avg Forecast$97.92M$144.47M$41.94M$-18.76M$11.92M$31.00M
High Forecast$117.51M$173.36M$50.33M$-18.05M$20.81M$39.80M
Low Forecast$78.34M$115.58M$33.56M$-19.47M$3.03M$7.70M
Surprise %8.10%33.72%298.99%4254.54%-1004.46%-

FWRD Forecast FAQ

Is Forward Air stock a buy?

Forward Air stock has a consensus rating of Hold, based on 21 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 7 Buy, 11 Hold, 3 Sell, and 0 Strong Sell, reflecting a consensus that Forward Air is a neutral investment for most analysts.

What is Forward Air's price target?

Forward Air's price target, set by 21 Wall Street analysts, averages $24.5 over the next 12 months. The price target range spans from $24 at the low end to $25 at the high end, suggesting a potential 60.13% change from the previous closing price of $15.3.

How does Forward Air stock forecast compare to its benchmarks?

Forward Air's stock forecast shows a 60.13% upside, outperforming the average forecast for the industrials stocks sector (17.81%) and outperforming the logistics stocks industry (18.46%).

What is the breakdown of analyst ratings for Forward Air over the past three months?

  • October 2026: 0% Strong Buy, 40.00% Buy, 60.00% Hold, 0% Sell, 0% Strong Sell.
  • September 2026: 0% Strong Buy, 40.00% Buy, 60.00% Hold, 0% Sell, 0% Strong Sell.
  • August 2026: 0% Strong Buy, 40.00% Buy, 60.00% Hold, 0% Sell, 0% Strong Sell.

What is Forward Air’s EPS forecast?

Forward Air's average annual EPS forecast for its fiscal year ending in December 2026 is $0.91, marking a -126.15% decrease from the reported $-3.48 in 2025..

What is Forward Air’s revenue forecast?

Forward Air's average annual revenue forecast for its fiscal year ending in December 2026 is $2.88B, reflecting a 15.49% increase from the reported $2.5B in 2025.

What is Forward Air’s net income forecast?

Forward Air's net income forecast for the fiscal year ending in December 2026 stands at $31M, representing a -128.76% decrease from the reported $-108M in 2025.