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FWRD
Volume: 185.65K
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Forward Air (FWRD) Stock Forecast & Price Target

Forward Air (FWRD) Analyst Ratings

Based on 3 analyst ratings
Buy
Strong Buy 33%
Buy 33%
Hold 33%
Sell 0%
Strong Sell 0%

Bulls say

Forward Air Corp is poised for growth in the 3PL industrial market, which is expected to enhance the company's density characteristics and mitigate secular mix pressures. The company's asset-light business model, which relies on outsourced trucking capacity, has historically facilitated lower capital expenditures and resulted in superior return on invested capital (ROIC) and cash flows compared to more capital-intensive businesses. Additionally, improvements in underlying cash flow generation, operating margins, and working capital management indicate a positive trend, despite concerns related to liquidity and elevated debt levels following the Omni acquisition.

Bears say

Forward Air Corp's stock outlook is negatively impacted by the potential for a significant decline in EBITDA, with projections suggesting a fall to approximately $260 million, which indicates concerns about profitability moving forward. The company faces elevated trade-related risks compared to its less-than-truckload (LTL) peers, particularly given the uncertainty surrounding ceiling tariff outcomes. Additionally, after the costly acquisition of Omni Logistics, the company's valuation has declined to about 8x FY2 EV, reflecting ongoing investor skepticism which has resulted in Forward Air trading at lower multiples than its asset-light and asset-based counterparts.

Forward Air (FWRD) has been analyzed by 3 analysts, with a consensus rating of Buy. 33% of analysts recommend a Strong Buy, 33% recommend Buy, 33% suggest Holding, 0% advise Selling, and 0% predict a Strong Sell.

This aggregate rating is based on analysts' research of Forward Air and is not a guaranteed prediction by Public.com or investment advice.

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FAQs About Forward Air (FWRD) Forecast

Analysts have given Forward Air (FWRD) a Buy based on their latest research and market trends.

According to 3 analysts, Forward Air (FWRD) has a Buy consensus rating as of Dec 15, 2025. This rating is provided by third-party analysts and is not investment advice from Public.com.

Wall Street analysts have set a price target of $33.67, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $33.67, indicating a 0.00% increase from the current stock price, but ratings and forecasts are frequently updated based on market conditions, earnings reports, and industry trends. This prediction is provided by third-party analysts and is not investment advice from Public.com.

Forward Air (FWRD)

Volume: 185.65K

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