Forward Air Stock Forecast

Stock Price Forecast

The 2 analysts with 12-month price forecasts for Forward Air stock have an average target of 38.5, with a low estimate of 32 and a high estimate of 45. The average target predicts an increase of 56.44% from the current stock price of 24.61.

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$32	$38.5	$45	$45
Change	+30.03%	+56.44%	+82.85%	+82.85%

* Price targets were last updated on Jan 21, 2026.

Analyst Ratings

The average analyst rating for Forward Air stock from 2 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.

Recommendation Trends

Rating	Sep '25	Oct '25	Nov '25	Dec '25	Jan '26	Feb '26
Strong Buy	1	1	1	1	1	1
Buy	1	1	1	1	1	1
Hold	2	2	2	2	1	0
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	4	4	4	4	3	2

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
J. Bruce Chan Stifel	Stifel	Strong Buy Maintains $30 → $32	Strong Buy	Maintains	$30 → $32	+30.03%	Jan 21, 2026
Bascome Majors Susquehanna	Susquehanna	Buy Maintains $42 → $45	Buy	Maintains	$42 → $45	+82.85%	Jan 5, 2026
J. Bruce Chan Stifel	Stifel	Strong Buy Maintains $32 → $30	Strong Buy	Maintains	$32 → $30	+21.90%	Oct 17, 2025
Bascome Majors Susquehanna	Susquehanna	Buy Maintains $40 → $43	Buy	Maintains	$40 → $43	+74.73%	Aug 12, 2025
J. Bruce Chan Stifel	Stifel	Strong Buy Maintains $29 → $33	Strong Buy	Maintains	$29 → $33	+34.09%	Jul 24, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

2.66B

from 2.50B

6.77%

from 2.50B

Revenue Next Year

2.85B

from 2.66B

6.83%

from 2.66B

EPS This Year

-0.35

from -3.51

EPS Next Year

0.45

from -0.35

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	1.39B	1.68B	1.37B	2.47B	2.50B	2.66B	2.85B
Revenue Growth	9.27%	21.08%	-18.39%	80.51%	0.84%	6.77%	6.83%
EPS	3.85	7.14	6.43	-30.63	-3.51	-0.35	0.45
EPS Growth	357.71%	85.37%	-10.03%	-	-	-	-
Forward PE	-	-	-	-	-	-	54.22
No. Analysts	-	-	-	-	-	8	6

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2026	2027
High	2.8B	3.0B
Avg	2.7B	2.8B
Low	2.5B	2.7B

Revenue Growth

Revenue Growth	2026	2027
High	11.4%	12.3%
Avg	6.8%	6.8%
Low	0.8%	0.5%

EPS Forecast

EPS	2026	2027
High	-0.12	1.00
Avg	-0.35	0.45
Low	-0.59	-0.10

EPS Growth

EPS Growth	2026	2027
High	-	-
Avg	-	-
Low	-	-

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.