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FWRD Stock Forecast: Forward Air Corp. Price Predictions for 2026-2027

Last close, 30 Oct 2026
$18
−1.40% on the day

The 5 Wall Street analysts covering Forward Air Corp. hold a median 12-month price target of $26 — +47.6% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 70 of 100 as at 31 Oct 2026 — in the upper half. Here, the model and the Street point the same way.

Market cap
$595.2M
Ticker Nerd rank
70/ 100
Median analyst target
$26
Analysts covering
5
Revenue$673.0M+8.8% y/y
Operating income$42.7M
Net income−$245.9M
Free cash flow−$8.1M
Quarterly, 8 quarters to 30 June 2026 · latest quarter's figure shown
Total return, dividends reinvested
1W
+15.2%
1M
+15.5%
YTD
−29.5%
1Y
−5.6%
From 52W high
−41.7%
From 52W low
+112.0%
$8
$30
52-week range, adjusted closes · the dot is the last close
Ticker Nerd rank

FWRD stock analysis: one number for the whole business

Consensus tells you what everyone already believes. The model scores Forward Air Corp. on its factor families — the same systematic rank behind the Ticker Nerd portfolio.

Where the model ranks itAs at 31 Oct 2026
70/ 100

Percentile across ~4,600 US stocks on Ticker Nerd’s systematic factor model. Higher is better. How the model is built and tested

Accruals
94
Revisions
84
Value
68
Issuance
62
Quality
54
Size
50
Momentum
40
Volatility
32
Growth
23

Accruals (94): Reported profit is backed by cash, and the company is not expanding recklessly.

Growth (23): Sales and profits are flat, shrinking, or growing more slowly than they were.

Built and run by Aslam Ghouse, an ex-Goldman Sachs systematic trader with 15+ years in markets.

Wall Street

FWRD stock forecast 2026-2027: analyst price targets & predictions

The bullish and bearish analyst opinions on FWRD, reported as data — targets and ratings, the market's view beside the model's.

Share price and the analyst range, 12 monthsAdjusted close, US dollars
$10$15$20$25$30Jan 26Apr 26Jul 26Oct 26FWRDHigh $27Median $26Low $25

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

Data provided by Twelve Data

What Wall Street says5 analysts
2 Buy3 Hold0 Sell
Low $25Median $26High $27

The green dot is the last close — the median target sits +47.6% from it.

Recent analyst actionsNewest first

Of the 20 most recent actions, 2 moved their price target up and 3 moved it down.

DateFirmActionRatingTarget
8 Oct 2026StifelMaintainsBuy$27 → $24
2 Oct 2026SusquehannaMaintainsPositive$29 → $25
13 Aug 2026SusquehannaMaintainsPositive—
13 Aug 2026SusquehannaMaintainsPositive$18 → $29
6 Aug 2026StifelMaintainsBuy$19 → $27
6 Aug 2026StifelMaintainsBuy—
8 May 2026SusquehannaMaintainsPositive$42 → $18
8 May 2026SusquehannaMaintainsPositive—
16 Apr 2026StifelMaintainsBuy—
21 Jan 2026StifelMaintainsBuy—
5 Jan 2026SusquehannaMaintainsPositive—
17 Oct 2025StifelMaintainsBuy—
12 Aug 2025SusquehannaMaintainsPositive—
24 July 2025StifelMaintainsBuy—
26 June 2025StifelUpgradeBuy—
10 Apr 2025StifelMaintainsHold—
31 Mar 2025SusquehannaMaintainsPositive—
27 Feb 2025BairdMaintainsNeutral—
23 Jan 2025StifelMaintainsHold—
7 Jan 2025BenchmarkReiteratesHold—

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

Market Radar

This page is one stock. Monday covers all of them.

FWRD appears in the Radar on the weeks it earns a place.

  • Market Radar, every Monday: the week's biggest rank moves across ~4,600 US stocks, and the reason for each.
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Performance

FWRD vs the S&P 500

Both lines are total return — dividends reinvested — so the comparison is honest on both sides.

Over the twelve months to 30 Oct 2026, Forward Air Corp. returned −5.6% against +12.4% for the S&P 500, dividends included.

FWRD vs S&P 500, last 12 monthsTotal return, rebased to 100
406080100120140160Jan 26Apr 26Jul 26Oct 26FWRDS&P 500

Download this chart as an image — free to reuse; link this page as the source.

Data provided by Twelve Data

Estimates

FWRD analyst estimate revisions

Not the forecast itself — the direction analysts are revising it. Revision direction is one of the model's factor families.

Which way the estimates are movingThis fiscal year
Analysts raising
1
Analysts cutting
2
Fundamentals

Forward Air Corp. (FWRD) financial data

A margin means little on its own. Each bar marks where the figure sits across the whole US universe we score.

Valuation
Trailing P/E
10.2×

Cheaper than 57% of US stocks

Price / sales
0.2×

Cheaper than 90% of US stocks

Price / book
−4.7×

Cheaper than 97% of US stocks

EV / EBITDA
9.1×

Cheaper than 40% of US stocks

Growth & margins
Revenue growth (YoY)
8.8%

Higher than 50% of US stocks

Earnings growth (YoY)
8.8%

Higher than 47% of US stocks

Gross margin
16.6%

Higher than 16% of US stocks

Operating margin
6.3%

Higher than 58% of US stocks

Net margin
−11.4%

Higher than 19% of US stocks

Returns & dividend
Return on equity
−735.7%

Higher than 2% of US stocks

Return on assets
3.1%

Higher than 66% of US stocks

Dividend yield
5.4%

Higher than 94% of US dividend payers

Bars mark the percentile across the ~4,600 US stocks Ticker Nerd covers, among those reporting the figure.

Key statistics

Forward Air Corp. (FWRD) statistics: revenue, profit & scale

The headline figures, each with its date. Every row carries its own link — cite it straight from here.

  • Forward Air Corp. has a market value of $595.2M and an enterprise value of $2.6B.

  • Revenue in the twelve months to 30 June 2026: $2.5B. The latest quarter grew 8.8% year on year.

  • Net income over the same four quarters: −$346.3M, a −13.8% net margin.

  • Diluted earnings per share, trailing twelve months: $−8.90.

  • Free cash flow in the twelve months to 30 June 2026: $48.2M.

  • Shares outstanding: 33.7M.

  • Trailing P/E: 10.2×; forward P/E: 39.2× — the forward figure prices analyst consensus estimates, not reported earnings.

  • Forward dividend yield: 5.45%, paying out 59% of earnings.

  • Forward Air Corp. employs 6,062 people — $415K of revenue per employee.

Statement figures: company filings via Twelve Data, four quarters to 30 June 2026 · market figures as at 1 Nov 2026

Data provided by Twelve Data

Peers

FWRD vs competitors

The nearest names by industry and size, scored by the same model — like for like.

Its peer group, ranked by the same modelIntegrated Freight & Logistics
CompanyMarket capTKN rank
FWRDForward Air Corp.$595.2M70
RLGTRadiant Logistics, Inc.$425.7M98
CYRXCryoport, Inc.$871.5M73
SERVServe Robotics, Inc.$225.4M4
PBIPitney Bowes, Inc.$2.2B98
PSIGPS International Group Ltd.$75.5M18
PALProficient Auto Logistics, Inc.$72.6M52

Look up any of the roughly 4,600 stocks we score.

The rank is the raw material. Whether the rules would actually own Forward Air Corp. — and when they’d sell — is the membership. See the Ticker Nerd 20 →

News

Latest FWRD news & analysis

Forward Air Announces Two-Year Definitive Agreement to Retain Significant Portion of Previously Disclosed Customer Relationship

Business Wire · 28 Oct 2026neutral

Forward Air entered a two-year agreement with one of its largest customers, which will continue using the company for a significant portion of services currently provided. The agreement also outlines an orderly transition of certain services.

Why it matters — The agreement clarifies the duration and scope of the customer relationship, while providing for the transition of some services.

Forward Air Corporation Announces Timing of Third Quarter 2026 Earnings Release and Conference Call

Business Wire · 15 Oct 2026neutral

Forward Air said it will release its third-quarter 2026 earnings after market close on November 9, 2026, and hold a conference call to discuss the results at 4:30 p.m. ET. The call will be available online and by phone; a replay will also be available.

Why it matters — The announcement gives FWRD watchers the timing and access details for the company's third-quarter results and discussion.

Forward's 5th Annual Drive for Hope Golf Tournament Raises Record-Breaking $700,000 for Hope For The Warriors

Business Wire · 1 Oct 2026positive

Forward Air Corporation announced that its 5th Annual Drive for Hope Golf Tournament raised $700,000 in support of Hope For The Warriors, the most successful year in the event's history. The achievement brings total funds raised through the event to more than $2.4 million since its inception in 2022.

Why it matters — The record-breaking charitable achievement highlights Forward Air's corporate community engagement and positive brand reputation, which watchers may view as favorable for the company's public standing.

5 Broker-Loved Stocks to Watch as September Rate Hike Seems Unlikely

Zacks Investment Research · 11 Aug 2026neutral

A Zacks Investment Research article notes that weak July jobs data makes a September rate hike unlikely, listing Forward Air among broker-favored stocks to watch in that environment.

Why it matters — FWRD watchers may be interested because changing rate-hike expectations can influence investor sentiment and the stock's near-term trading dynamics.

Forward Air Q2 Earnings Call Highlights

MarketBeat · 6 Aug 2026positive

Forward Air reported record quarterly operating revenue and its strongest consolidated EBITDA performance in more than two years during Q2 2026, with improvements across its Expedited Freight, Omni Logistics, and Intermodal operations.

Why it matters — For a FWRD watcher, the record revenue and strongest EBITDA in over two years indicate improving performance across all three of the company's key operating segments.

FAQ

Frequently asked questions about FWRD stock

What is the FWRD stock price forecast for 2026-2027?

The 5 Wall Street analysts covering Forward Air Corp. have a median 12-month price target of $26, with estimates ranging from $25 to $27. These are third-party analyst estimates, not Ticker Nerd forecasts, and they are frequently wrong.

Is FWRD stock a buy right now?

Of the 5 analysts covering Forward Air Corp., 2 rate it a Buy, 3 a Hold and 0 a Sell. Ticker Nerd's systematic factor model ranks Forward Air Corp. 70 out of 100 across roughly 4,600 US stocks as at 31 Oct 2026. None of this is personal advice — it does not consider your circumstances.

How does Ticker Nerd's model rank FWRD?

As at 31 Oct 2026, Forward Air Corp. ranks 70 out of 100 on Ticker Nerd's systematic factor model — a percentile across roughly 4,600 US stocks, built from its factor families. Its strongest factor family is Accruals (94 of 100).

Will FWRD stock go up?

No one can know that. What the data says: the median 12-month target from 5 analysts implies +47.6% from the last close, and Ticker Nerd's factor model ranks Forward Air Corp. 70 out of 100 as at 31 Oct 2026. Analyst targets are third-party estimates and frequently wrong; none of this is personal advice.

What is the FWRD stock forecast for 2030?

No analyst covering Forward Air Corp. publishes a 2030 price target — Wall Street targets run 12 to 18 months out. Sites quoting a 2030 price for FWRD are extrapolating price history, which says nothing about the business. The furthest attributed numbers are the current analyst targets: $25 to $27 over the next 12 months.

How has FWRD stock performed over the past year?

Forward Air Corp. returned -5.6% over the 12 months to 30 Oct 2026, with dividends reinvested. Past performance does not indicate future returns.

What does Forward Air Corp. do?

Forward Air Corporation is a freight and logistics company that provides time-sensitive transportation and supply chain solutions across North America and select international markets. The company focuses on expedited less-than-truckload services, final-mile delivery, intermodal drayage, truckload support, and a range of logistics services that include warehousing, shipment consolidation and deconsolidation, customs brokerage, and distribution.

What is the latest news on FWRD?

The most recent item we track (Business Wire, 28 Oct 2026): "Forward Air Announces Two-Year Definitive Agreement to Retain Significant Portion of Previously Disclosed Customer Relationship". Forward Air entered a two-year agreement with one of its largest customers, which will continue using the company for a significant portion of services currently provided. The agreement also outlines an orderly transition of certain services.

Company

About Forward Air Corp.

Forward Air Corporation is a freight and logistics company that provides time-sensitive transportation and supply chain solutions across North America and select international markets. The company focuses on expedited less-than-truckload services, final-mile delivery, intermodal drayage, truckload support, and a range of logistics services that include warehousing, shipment consolidation and deconsolidation, customs brokerage, and distribution. Its business is organized around the Expedited Freight, Omni Logistics, and Intermodal segments, allowing it to serve freight forwarders, third-party logistics providers, airlines, steamship lines, retailers, and other businesses with specialized shipping needs. Forward Air Corporation plays an important role in moving complex freight efficiently through integrated ground and logistics networks, supporting industries that depend on reliable, time-definite transportation.

CEO Mr. Shawn Stewart · 6,062 employees · United States · https://www.forwardair.com