FWRD Stock: Price, Forecast, Financials & AI Analysis

High

Open

VWAP

Vol

Mkt Cap

Low

Amount

EV/EBITDA(TTM)

Total Shares

EV/OCF(TTM)

P/S(TTM)

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q4

FY2026Q1

FY2026Q2

639.12M

+0.99%

-0.263

-90.88%

632.43M

+3.12%

-0.270

-76.14%

650.63M

+5.14%

0.035

-39.96%

Estimates Revision

The market is revising Downward the revenue expectations for Forward Air Corporation (FWRD) for FY2025, with the revenue forecasts being adjusted by -0.37% over the past three months. During the same period, the stock price has changed by 15.00%.

Revenue Estimates for FY2025

Revise Downward

-0.37%

In Past 3 Month

EPS Estimates for FY2025

Revise Upward

+58.71%

In Past 3 Month

Stock Price

Go Up

+15.00%

In Past 3 Month

2 Analyst Rating

Wall Street analysts forecast FWRD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FWRD is 30.00 USD with a low forecast of 30.00 USD and a high forecast of 30.00 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.

1 Buy

1 Hold

0 Sell

Moderate Buy

Current: 0.000

Low

30.00

Averages

30.00

High

30.00

Current: 0.000

Low

30.00

Averages

30.00

High

30.00

Susquehanna

Positive

maintain

$42 -> $45

2026-01-05

New

Reason

Susquehanna

Price Target

$42 -> $45

2026-01-05

New

maintain

Positive

Reason

Susquehanna raised the firm's price target on Forward Air to $45 from $42 and keeps a Positive rating on the shares. The firm said they have low expectations on LTL volume recovery materializing before late 2026, but they believe investors are better aligned with cyclical reality than they were entering 2025.

Stifel

Buy

maintain

$32 -> $30

2025-10-17

Reason

Stifel

Price Target

$32 -> $30

2025-10-17

maintain

Buy

Reason

Stifel lowered the firm's price target on Forward Air to $30 from $32 and keeps a Buy rating on the shares. The firm ascribes the stock having traded off in the past few weeks to waning confidence in a protracted sale process and to macro pressure amid rekindled U.S.-China trade tensions. However, the firm is "generally constructive on the unique opportunity" and still believes an imminent take-private or sale event is likely, the analyst tells investors.

Susquehanna

Positive

maintain

$40 -> $43

2025-08-12

Reason

Susquehanna

Price Target

$40 -> $43

2025-08-12

maintain

Positive

Reason

Susquehanna raised the firm's price target on Forward Air to $43 from $40 and keeps a Positive rating on the shares. The firm noted cyclical rsik remains given its roughly breakeven free cash flow and level of Q4 net debt/EBITDA but they believe a sale of the business is the most likely outcome for it to reach its price target.

Stifel

Buy

maintain

$29 -> $33

2025-07-24

Reason

Stifel

Price Target

$29 -> $33

2025-07-24

maintain

Buy

Reason

Stifel raised the firm's price target on Forward Air to $33 from $29 and keeps a Buy rating on the shares. Less-Than-Truckload stocks have appreciated as valuations have expanded, notes the analyst, whose channel checks indicate that trends through June "remained sub-seasonal, but stable." Q2 is typically a seasonally stronger quarter for LTL margins, but the firm remains cautious due to the choppy demand backdrop, although core pricing "still seems solid," the analyst added in an earning preview for the group.

Stifel

Hold

Buy

upgrade

$21 -> $29

2025-06-26

Reason

Stifel

Price Target

$21 -> $29

2025-06-26

upgrade

Hold

Buy

Reason

Stifel upgraded Forward Air to Buy from Hold with a price target of $29, up from $21. The company's new management team has mitigated customer attrition, laid out a "credible" go-forward strategy, and made significant progress on integrating Omni Logistics, the analyst tells investors in a research note. Stifel feels risk has abated for Forward Air, even if still elevated relative to the group, and that fundamental upside is sufficient to warrant an upgrade. An eventual cycle inflection would help drive multiple normalization toward less-than-truckload and non-asset-based peers, contends the firm. Further, recent developments suggest heightened potential for a takeout of Forward Air, which could be in the low-to-mid $30s per share, Stifel contends.

Stifel

Hold

downgrade

$22 -> $21

2025-05-09

Reason

Stifel

Price Target

$22 -> $21

2025-05-09

downgrade

Hold

Reason

Stifel lowered the firm's price target on Forward Air to $21 from $22 and keeps a Hold rating on the shares. With "some swagger in its step," management announced a plan to double revenue to $5B in five years, implying a 15% compound annual growth rate, but that assumes normalization in the market and "there's plenty of wood to chop in the near term," the analyst tells investors.

Valuation Metrics

The current forward P/E ratio for Forward Air Corp (Delaware) (FWRD.O) is -57.44, compared to its 5-year average forward P/E of 34.72. For a more detailed relative valuation and DCF analysis to assess Forward Air Corp (Delaware) 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

N/A

5Y Average PE

34.72

Current PE

-57.44

Overvalued PE

337.83

Undervalued PE

-268.38

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

5Y Average EV/EBITDA

9.96

Current EV/EBITDA

9.39

Overvalued EV/EBITDA

12.32

Undervalued EV/EBITDA

7.59

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

5Y Average PS

0.94

Current PS

0.30

Overvalued PS

1.51

Undervalued PS

0.37

Financials

Annual

Quarterly

N/A

Total Revenue

N/A

Operating Profit

N/A

Net Income after Tax

N/A

EPS - Diluted

N/A

Free Cash Flow

N/A

Gross Profit Margin - %

N/A

FCF Margin - %

N/A

Net Margin - %

N/A

ROIC

Trading Trends

Insider

Insiders are Neutral. There are no significant trading trends over the last month.

Sold

Bought

Hedge Fund

Hedge Funds are Neutral. There are no significant trading trends over the last quarter.

Sold

Bought

Congress Trading

Congress are Neutral. There are no significant trading trends over the last month.

Sold

Bought

Insider

Insiders are Neutral. There are no significant trading trends over the last month.

Sold

Bought

FWRD News & Events

Events Timeline

No data

News

2.0

01-06Yahoo Finance

Forward Air Releases 2025 Sustainability Report, Aiming for 42% Reduction in GHG Emissions

2.0

2025-12-03Benzinga

Transportation Stocks Experience Their Biggest Surge Since 2020: Here's the Reason Behind It

2.0

2025-11-20Benzinga

Palo Alto, Vizsla Silver, NetEase, and Other Major Stocks Decline in Thursday's Pre-Market Trading

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Frequently Asked Questions

What is Forward Air Corp (Delaware) (FWRD) stock price today?

The current price of FWRD is 27.06 USD — it has increased 3.09 % in the last trading day.

What is Forward Air Corp (Delaware) (FWRD)'s business?

Forward Air Corporation is an asset-light provider of transportation services across the United States, Canada and Mexico. Its Expedited Freight segment provides expedited regional, inter-regional and national less-than-truckload (LTL) services. Expedited Freight also offers customers local pick-up and delivery and other services including truckload, shipment consolidation and deconsolidation, warehousing, customs brokerage and other handling. The Omni Logistics segment provides a full suite of global logistics services. Services include air and ocean freight consolidation and forwarding, customs brokerage, warehousing and distribution, time-definite transportation services and other supply chain solutions. The Intermodal segment provides first- and last-mile high-value intermodal container drayage services both to and from seaports and railheads. Intermodal also offers dedicated contract and CFS warehouse and handling services, and in select locations, linehaul and LTL services.

What is the price predicton of FWRD Stock?

What is Forward Air Corp (Delaware) (FWRD)'s revenue for the last quarter?

Forward Air Corp (Delaware) revenue for the last quarter amounts to 631.76M USD, decreased -3.69 % YoY.

What is Forward Air Corp (Delaware) (FWRD)'s earnings per share (EPS) for the last quarter?

Forward Air Corp (Delaware). EPS for the last quarter amounts to -0.52 USD, decreased -80.15 % YoY.

What changes have occurred in the market's expectations for Forward Air Corp (Delaware) (FWRD)'s fundamentals?

How many employees does Forward Air Corp (Delaware) (FWRD). have?

Forward Air Corp (Delaware) (FWRD) has 6319 emplpoyees as of January 10 2026.

What is Forward Air Corp (Delaware) (FWRD) market cap?

Today FWRD has the market capitalization of 845.58M USD.