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Forward Air Corp (FWRD) is not a strong buy at this moment for a beginner investor with a long-term strategy. The stock has shown significant price decline (-8.75% in regular trading) and poor financial performance in the latest quarter. While analysts have raised price targets and maintained positive ratings, the lack of positive trading signals, weak technical indicators, and no recent news catalysts suggest holding off on investing until more favorable conditions emerge.
The MACD is negative and expanding, indicating bearish momentum. RSI is at 32.205, nearing oversold territory but not providing a clear signal. Moving averages are bullish (SMA_5 > SMA_20 > SMA_200), but the stock price is below the pivot level of 28.743, with key support at 26.742. Overall, the technical indicators suggest caution.

Analysts have raised price targets, with Stifel increasing to $32 and Susquehanna to $45, maintaining positive ratings. Bullish moving averages also provide a slight positive technical indicator.
Significant price drop (-8.75%) in regular trading. Poor financial performance in Q3 2025, with revenue down 3.69% YoY, net income down 77.77% YoY, and EPS down 80.15% YoY. No recent news or event-driven catalysts. Congress trading data shows no recent activity.
In Q3 2025, revenue dropped to $631.76M (-3.69% YoY), net income fell to -$16.25M (-77.77% YoY), EPS dropped to -0.52 (-80.15% YoY), and gross margin declined to 34.89 (-6.16% YoY). The financial performance reflects significant weakness.
Analysts maintain positive ratings with raised price targets. Stifel raised the price target to $32, and Susquehanna raised it to $45, citing potential demand spillover and pricing support in the LTL market. However, they also highlighted challenges in LTL volume recovery, which may not materialize until late 2026.