Old Dominion Freight Line Inc reaches 20-day high amid analyst upgrade
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 11 Dec 25
Source: NASDAQ.COM
Old Dominion Freight Line Inc saw a price increase of 3.00%, reaching a 20-day high. This movement comes as the broader market experiences slight declines, with the Nasdaq-100 down 0.83% and the S&P 500 down 0.10%.
The surge is attributed to Morgan Stanley raising its rating on Old Dominion Freight Line to Overweight and increasing the price target from $165 to $190. This upgrade reflects a positive outlook for the freight transportation sector, which Morgan Stanley has identified as having an attractive risk-reward profile for 2026.
This upgrade from a major financial institution signals strong confidence in Old Dominion's future performance, potentially attracting more investors and contributing to the stock's upward momentum.
Analyst Views on ODFL
Wall Street analysts forecast ODFL stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for ODFL is 162.18 USD with a low forecast of 114.00 USD and a high forecast of 196.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
18 Analyst Rating
7 Buy
8 Hold
3 Sell
Hold
Current: 172.720
Low
114.00
Averages
162.18
High
196.00
Current: 172.720
Low
114.00
Averages
162.18
High
196.00
About ODFL
Old Dominion Freight Line, Inc. is a less-than-truckload (LTL) motor carrier. The Company provides regional, inter-regional and national LTL services through a single integrated, union-free organization. Its service offerings, which include expedited transportation, are provided through an expansive network of service centers located throughout the continental United States. It offers a range of value-added services including container drayage, truckload brokerage and supply chain consulting. It operates approximately 261 service center locations, of which it owns 239 and leased 22. Its service centers are responsible for the pickup and delivery of freight within their local service area. Its systems allow it to offer its customers access to information, such as freight tracking, shipping documents, rate quotes, rate databases and account activity. Its integrated systems and customer service department provide its customers with a single point of contact to access information.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
