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$16.51
At close: May 22 EDT
$16.66
0.150.91%
Pre-Market: 7:00 AM EDT
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Forward Air Analyst Ratings and Price Targets | NASDAQ:FWRD | Benzinga
Forward Air Corp has a consensus price target of $59.4 based on the ratings of 8 analysts. The high is $130 issued by Stephens & Co. on August 7, 2023. The low is $22 issued by Stifel on April 10, 2025. The 3 most-recent analyst ratings were released by Stifel, Susquehanna, and Baird on April 10, 2025, March 31, 2025, and February 27, 2025, respectively. With an average price target of $27.33 between Stifel, Susquehanna, and Baird, there's an implied 64.07% upside for Forward Air Corp from these most-recent analyst ratings.
Analyst Firms Making Recommendations1
Stifel
Susquehanna
Baird
Jefferies
Stephens & Co.
1calculated from analyst ratings
Analyst Ratings for Forward Air
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 04/10/2025 | Buy Now | 32.05% | Stifel | J. Bruce Chan46% | $29 → $22 | Maintains | Hold | Get Alert |
| 03/31/2025 | Buy Now | 92.08% | Susquehanna | Bascome Majors60% | $35 → $32 | Maintains | Positive | Get Alert |
| 02/27/2025 | Buy Now | 68.07% | Baird | Benjamin Hartford55% | $32 → $28 | Maintains | Neutral | Get Alert |
| 01/23/2025 | Buy Now | 116.09% | Stifel | J. Bruce Chan46% | $34 → $36 | Maintains | Hold | Get Alert |
| 01/07/2025 | Buy Now | — | Benchmark | Christopher Kuhn55% | — | Reiterates | Hold → Hold | Get Alert |
| 10/21/2024 | Buy Now | 116.09% | Stifel | J. Bruce Chan46% | $31 → $36 | Maintains | Hold | Get Alert |
| 08/12/2024 | Buy Now | — | Benchmark | Christopher Kuhn70% | — | Reiterates | → Hold | Get Alert |
| 08/08/2024 | Buy Now | 44.06% | Baird | Benjamin Hartford55% | $17 → $24 | Maintains | Neutral | Get Alert |
| 07/03/2024 | Buy Now | 2.04% | Baird | Benjamin Hartford55% | $14 → $17 | Maintains | Neutral | Get Alert |
| 05/28/2024 | Buy Now | — | Wolfe Research | Scott Group57% | — | Upgrade | Underperform → Peer Perform | Get Alert |
| 05/10/2024 | Buy Now | -15.97% | Baird | Benjamin Hartford55% | $24 → $14 | Maintains | Neutral | Get Alert |
| 04/24/2024 | Buy Now | — | Benchmark | Christopher Kuhn70% | — | Reiterates | → Hold | Get Alert |
| 04/18/2024 | Buy Now | — | Benchmark | Christopher Kuhn70% | — | Reiterates | → Hold | Get Alert |
| 04/03/2024 | Buy Now | — | Benchmark | Christopher Kuhn70% | — | Reiterates | → Hold | Get Alert |
| 03/01/2024 | Buy Now | 140.1% | Baird | Benjamin Hartford55% | $50 → $40 | Maintains | Neutral | Get Alert |
| 01/22/2024 | Buy Now | 230.13% | Stifel | J. Bruce Chan46% | $80 → $55 | Maintains | Hold | Get Alert |
| 01/10/2024 | Buy Now | 380.19% | Stifel | J. Bruce Chan46% | $81 → $80 | Maintains | Hold | Get Alert |
| 01/10/2024 | Buy Now | 200.12% | Wolfe Research | Scott Group57% | → $50 | Downgrade | Peer Perform → Underperform | Get Alert |
| 11/01/2023 | Buy Now | 350.18% | Susquehanna | Bascome Majors60% | $84 → $75 | Maintains | Positive | Get Alert |
| 10/04/2023 | Buy Now | 380.19% | Susquehanna | Bascome Majors60% | $76 → $80 | Maintains | Positive | Get Alert |
| 08/29/2023 | Buy Now | 410.2% | Jefferies | Stephanie Moore60% | $110 → $85 | Upgrade | Hold → Buy | Get Alert |
| 08/15/2023 | Buy Now | 380.19% | Baird | Benjamin Hartford55% | $130 → $80 | Downgrade | Outperform → Neutral | Get Alert |
| 08/11/2023 | Buy Now | — | Raymond James | Patrick Tyler Brown78% | — | Downgrade | Strong Buy → Market Perform | Get Alert |
| 08/11/2023 | Buy Now | 380.19% | Wolfe Research | Scott Group57% | → $80 | Downgrade | Peer Perform → Underperform | Get Alert |
| 08/11/2023 | Buy Now | 518.25% | Stifel | J. Bruce Chan46% | $127 → $103 | Downgrade | Buy → Hold | Get Alert |
| 08/07/2023 | Buy Now | 680.31% | Stephens & Co. | Jack Atkins63% | → $130 | Reiterates | Overweight → Overweight | Get Alert |
| 08/07/2023 | Buy Now | 656.3% | Raymond James | Patrick Tyler Brown78% | $120 → $126 | Maintains | Strong Buy | Get Alert |
| 07/19/2023 | Buy Now | 680.31% | Baird | Benjamin Hartford55% | $106 → $130 | Upgrade | Neutral → Outperform | Get Alert |
| 07/07/2023 | Buy Now | 620.29% | Raymond James | Patrick Tyler Brown78% | $115 → $120 | Maintains | Strong Buy | Get Alert |
| 06/16/2023 | Buy Now | 644.3% | Susquehanna | Bascome Majors60% | $125 → $124 | Maintains | Positive | Get Alert |
| 05/03/2023 | Buy Now | 590.28% | Raymond James | Patrick Tyler Brown78% | $128 → $115 | Maintains | Strong Buy | Get Alert |
| 05/02/2023 | Buy Now | 650.3% | Stephens & Co. | Jack Atkins63% | → $125 | Reiterates | → Overweight | Get Alert |
| 04/10/2023 | Buy Now | 728.33% | Susquehanna | Bascome Majors60% | $120 → $138 | Maintains | Positive | Get Alert |
| 03/08/2023 | Buy Now | 650.3% | Stephens & Co. | Jack Atkins63% | → $125 | Reiterates | → Overweight | Get Alert |
| 02/10/2023 | Buy Now | 620.29% | Susquehanna | Bascome Majors60% | $125 → $120 | Maintains | Positive | Get Alert |
| 02/09/2023 | Buy Now | 650.3% | Stephens & Co. | Jack Atkins63% | → $125 | Maintains | Overweight | Get Alert |
| 01/04/2023 | Buy Now | 560.26% | Jefferies | Stephanie Moore60% | → $110 | Downgrade | Buy → Hold | Get Alert |
| 10/25/2022 | Buy Now | 620.29% | Jefferies | Stephanie Moore60% | → $120 | Initiates | → Buy | Get Alert |
| 10/14/2022 | Buy Now | 710.32% | Raymond James | Patrick Tyler Brown78% | $140 → $135 | Maintains | Strong Buy | Get Alert |
| 07/29/2022 | Buy Now | 740.34% | Raymond James | Patrick Tyler Brown78% | $135 → $140 | Maintains | Strong Buy | Get Alert |
| 07/20/2022 | Buy Now | — | Benchmark | Christopher Kuhn70% | — | Initiates | → Hold | Get Alert |
| 07/15/2022 | Buy Now | 710.32% | Raymond James | Patrick Tyler Brown78% | $145 → $135 | Maintains | Strong Buy | Get Alert |
FAQ
What is the target price for Forward Air (FWRD) stock?
The latest price target for Forward Air (NASDAQ:FWRD) was reported by Stifel on April 10, 2025. The analyst firm set a price target for $22.00 expecting FWRD to rise to within 12 months (a possible 32.05% upside). 10 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Forward Air (FWRD)?
The latest analyst rating for Forward Air (NASDAQ:FWRD) was provided by Stifel, and Forward Air maintained their hold rating.
When was the last upgrade for Forward Air (FWRD)?
The last upgrade for Forward Air Corp happened on May 28, 2024 when Wolfe Research raised their price target to N/A. Wolfe Research previously had an underperform for Forward Air Corp.
When was the last downgrade for Forward Air (FWRD)?
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.
When is the next analyst rating going to be posted or updated for Forward Air (FWRD)?
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 April 10, 2025 so you should expect the next rating to be made available sometime around April 10, 2026.
Is the Analyst Rating Forward Air (FWRD) correct?
While ratings are subjective and will change, the latest Forward Air (FWRD) rating was a maintained with a price target of $29.00 to $22.00. The current price Forward Air (FWRD) is trading at is $16.66, which is out of the analyst’s predicted range.
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