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Forward Air Corp has a consensus price target of $58.2 based on the ratings of 8 analysts. The high is $130 issued by Stephens & Co. on August 7, 2023. The low is $18 issued by Susquehanna on May 8, 2026. The 3 most-recent analyst ratings were released by Susquehanna, Stifel, and Stifel on May 8, 2026, April 16, 2026, and January 21, 2026, respectively. With an average price target of $26.67 between Susquehanna, Stifel, and Stifel, there's an implied 93.66% upside for Forward Air Corp from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Forward Air (NASDAQ:FWRD) was reported by Susquehanna on May 8, 2026. The analyst firm set a price target for $18.00 expecting FWRD to rise to within 12 months (a possible 30.72% upside). 8 analyst firms have reported ratings in the last year.
The latest analyst rating for Forward Air (NASDAQ:FWRD) was provided by Susquehanna, and Forward Air maintained their positive rating.
The last upgrade for Forward Air Corp happened on June 26, 2025 when Stifel raised their price target to $29. Stifel previously had a hold for Forward Air Corp.
The last downgrade for Forward Air Corp happened on January 10, 2024 when Wolfe Research changed their price target from N/A to $50 for Forward Air Corp.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Forward Air, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Forward Air was filed on May 8, 2026 so you should expect the next rating to be made available sometime around May 8, 2027.
While ratings are subjective and will change, the latest Forward Air (FWRD) rating was a maintained with a price target of $42.00 to $18.00. The current price Forward Air (FWRD) is trading at is $13.77, which is out of the analyst’s predicted range.
Browse analyst ratings and price targets on all stocks.
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| Buy Now | Get Alert | ||||||
|---|---|---|---|---|---|---|---|
| 05/08/2026 | Buy Now | 30.72% | Susquehanna | $42 → $18 | Maintains | Positive | Get Alert |
| 04/16/2026 | Buy Now | 117.86% | Stifel | $31 → $30 | Maintains | Buy | Get Alert |
| 01/21/2026 | Buy Now | 132.39% | Stifel | $30 → $32 | Maintains | Buy | Get Alert |
| 01/05/2026 | Buy Now | 226.8% | Susquehanna | $42 → $45 | Maintains | Positive | Get Alert |
| 10/17/2025 | Buy Now | 117.86% | Stifel | $32 → $30 | Maintains | Buy | Get Alert |
| 08/12/2025 | Buy Now | 212.27% | Susquehanna | $40 → $43 | Maintains | Positive | Get Alert |
| 07/24/2025 | Buy Now | 139.65% | Stifel | $29 → $33 | Maintains | Buy | Get Alert |
| 06/26/2025 | Buy Now | 110.6% | Stifel | $21 → $29 | Upgrade | Hold → Buy | Get Alert |
| 04/10/2025 | Buy Now | 59.77% | Stifel | $29 → $22 | Maintains | Hold | Get Alert |
| 03/31/2025 | Buy Now | 132.39% | Susquehanna | $35 → $32 | Maintains | Positive | Get Alert |
| 02/27/2025 | Buy Now | 103.34% | Baird | $32 → $28 | Maintains | Neutral | Get Alert |
| 01/23/2025 | Buy Now | 161.44% | Stifel | $34 → $36 | Maintains | Hold | Get Alert |
| 01/07/2025 | Buy Now | — | Benchmark | — | Reiterates | Hold → Hold | Get Alert |
| 10/21/2024 | Buy Now | 161.44% | Stifel | $31 → $36 | Maintains | Hold | Get Alert |
| 08/12/2024 | Buy Now | — | Benchmark | — | Reiterates | → Hold | Get Alert |
| 08/08/2024 | Buy Now | 74.29% | Baird | $17 → $24 | Maintains | Neutral | Get Alert |
| 07/03/2024 | Buy Now | 23.46% | Baird | $14 → $17 | Maintains | Neutral | Get Alert |
| 05/28/2024 | Buy Now | — | Wolfe Research | — | Upgrade | Underperform → Peer Perform | Get Alert |
| 05/10/2024 | Buy Now | 1.67% | Baird | $24 → $14 | Maintains | Neutral | Get Alert |
| 04/24/2024 | Buy Now | — | Benchmark | — | Reiterates | → Hold | Get Alert |
| 04/18/2024 | Buy Now | — | Benchmark | — | Reiterates | → Hold | Get Alert |
| 04/03/2024 | Buy Now | — | Benchmark | — | Reiterates | → Hold | Get Alert |
| 03/01/2024 | Buy Now | 190.49% | Baird | $50 → $40 | Maintains | Neutral | Get Alert |
| 01/22/2024 | Buy Now | 299.42% | Stifel | $80 → $55 | Maintains | Hold | Get Alert |
| 01/10/2024 | Buy Now | 480.97% | Stifel | $81 → $80 | Maintains | Hold | Get Alert |
| 01/10/2024 | Buy Now | 263.11% | Wolfe Research | → $50 | Downgrade | Peer Perform → Underperform | Get Alert |
| 11/01/2023 | Buy Now | 444.66% | Susquehanna | $84 → $75 | Maintains | Positive | Get Alert |
| 10/04/2023 | Buy Now | 480.97% | Susquehanna | $76 → $80 | Maintains | Positive | Get Alert |
| 08/29/2023 | Buy Now | 517.28% | Jefferies | $110 → $85 | Upgrade | Hold → Buy | Get Alert |
| 08/15/2023 | Buy Now | 480.97% | Baird | $130 → $80 | Downgrade | Outperform → Neutral | Get Alert |
| 08/11/2023 | Buy Now | — | Raymond James | — | Downgrade | Strong Buy → Market Perform | Get Alert |
| 08/11/2023 | Buy Now | 480.97% | Wolfe Research | → $80 | Downgrade | Peer Perform → Underperform | Get Alert |
| 08/11/2023 | Buy Now | 648% | Stifel | $127 → $103 | Downgrade | Buy → Hold | Get Alert |
| 08/07/2023 | Buy Now | 844.08% | Stephens & Co. | → $130 | Reiterates | Overweight → Overweight | Get Alert |
| 08/07/2023 | Buy Now | 815.03% | Raymond James | $120 → $126 | Maintains | Strong Buy | Get Alert |
| 07/19/2023 | Buy Now | 844.08% | Baird | $106 → $130 | Upgrade | Neutral → Outperform | Get Alert |
| 07/07/2023 | Buy Now | 771.46% | Raymond James | $115 → $120 | Maintains | Strong Buy | Get Alert |