FWRDIndustrials · Integrated Freight & LogisticsThe 5 Wall Street analysts covering Forward Air Corp. hold a median 12-month price target of $28 — +47.7% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 55 of 100 as at 15 Aug 2026 — in the upper half.
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.
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): Reported profit is backed by cash, and the company is not expanding recklessly.
Growth (22): Sales and profits are flat, shrinking, or growing more slowly than they were.
Built and run by Aslam Ghouse, an ex-Goldman Sachs quant trader with fourteen years in markets.
The bullish and bearish analyst opinions on FWRD, reported as data — targets and ratings, the market's view beside the model's.
Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.
The green dot is the last close — the median target sits +47.7% from it.
Of the 20 most recent actions, 2 moved their price target up and 1 moved it down.
| Date | Firm | Action | Rating | Target |
|---|---|---|---|---|
| 13 Aug 2026 | Susquehanna | Maintains | Positive | $18 → $29 |
| 6 Aug 2026 | Stifel | Maintains | Buy | $19 → $27 |
| 8 May 2026 | Susquehanna | Maintains | Positive | $42 → $18 |
| 8 May 2026 | Susquehanna | Maintains | Positive | — |
| 16 Apr 2026 | Stifel | Maintains | Buy | — |
| 21 Jan 2026 | Stifel | Maintains | Buy | — |
| 5 Jan 2026 | Susquehanna | Maintains | Positive | — |
| 17 Oct 2025 | Stifel | Maintains | Buy | — |
| 12 Aug 2025 | Susquehanna | Maintains | Positive | — |
| 24 July 2025 | Stifel | Maintains | Buy | — |
| 26 June 2025 | Stifel | Upgrade | Buy | — |
| 10 Apr 2025 | Stifel | Maintains | Hold | — |
| 31 Mar 2025 | Susquehanna | Maintains | Positive | — |
| 27 Feb 2025 | Baird | Maintains | Neutral | — |
| 23 Jan 2025 | Stifel | Maintains | Hold | — |
| 7 Jan 2025 | Benchmark | Reiterates | Hold | — |
| 21 Oct 2024 | Stifel | Maintains | Hold | — |
| 12 Aug 2024 | Benchmark | Reiterates | Hold | — |
| 8 Aug 2024 | Baird | Maintains | Neutral | — |
| 3 July 2024 | Baird | Maintains | Neutral | — |
Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.
Computed off the Friday close and sent before the US open.
Market Radar reports the week’s largest rank changes across roughly 4,600 US stocks, the factor behind each one, and where the market went. FWRD appears on the weeks it earns a place.
Not the forecast itself — the direction analysts are revising it. Revision direction is one of the model's factor families.
A margin means little on its own. Each bar marks where the figure sits across the whole US universe we score.
Cheaper than 59% of US stocks
Cheaper than 91% of US stocks
Cheaper than 96% of US stocks
Cheaper than 41% of US stocks
Higher than 49% of US stocks
Higher than 47% of US stocks
Higher than 16% of US stocks
Higher than 57% of US stocks
Higher than 19% of US stocks
Higher than 2% of US stocks
Higher than 66% of US stocks
Higher than 83% of US dividend payers
Bars mark the percentile across the ~4,600 US stocks Ticker Nerd covers, among those reporting the figure.
The nearest names by industry and size, scored by the same model — like for like.
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 →
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 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.
Forward Air Corporation held its Q2 2026 earnings call, and the transcript of that call was published by Seeking Alpha.
Why it matters — Earnings call transcripts provide investors with direct insight into management's discussion of quarterly performance and outlook.
Forward Air Corporation reported financial results for the three months ended June 30, 2026, including $673 million in consolidated operating revenue. CEO Shawn Stewart said the company delivered another solid quarter, citing momentum from its transformational efforts combined with an improving freight market.
Why it matters — FWRD watchers would care because the results and CEO commentary point to continued progress from the company's transformation efforts amid improving freight-market conditions.
The 5 Wall Street analysts covering Forward Air Corp. have a median 12-month price target of $28, with estimates ranging from $27 to $29. These are third-party analyst estimates, not Ticker Nerd forecasts, and they are frequently wrong.
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. 55 out of 100 across roughly 4,600 US stocks as at 15 Aug 2026. None of this is personal advice — it does not consider your circumstances.
As at 15 Aug 2026, Forward Air Corp. ranks 55 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).
No one can know that. What the data says: the median 12-month target from 5 analysts implies +47.7% from the last close, and Ticker Nerd's factor model ranks Forward Air Corp. 55 out of 100 as at 15 Aug 2026. Analyst targets are third-party estimates and frequently wrong; none of this is personal advice.
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: $27 to $29 over the next 12 months.
Forward Air Corp. returned -37.8% over the 12 months to 14 Aug 2026, with dividends reinvested. Past performance does not indicate future returns.
Forward Air Corporation is an integrated freight and logistics company headquartered in Greeneville, Tennessee. Founded in 1981, it specializes in providing asset-light expedited transportation solutions across North America and internationally, including the United States, Mexico, Europe, Asia, and Canada.
The most recent item we track (Zacks Investment Research, 11 Aug 2026): "5 Broker-Loved Stocks to Watch as September Rate Hike Seems Unlikely". 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.
Forward Air Corporation is an integrated freight and logistics company headquartered in Greeneville, Tennessee. Founded in 1981, it specializes in providing asset-light expedited transportation solutions across North America and internationally, including the United States, Mexico, Europe, Asia, and Canada. The company operates through three main segments: Expedited Freight, offering less-than-truckload regional and national expedited services along with warehousing and customs brokerage; Omni Logistics, which provides global air and ocean freight forwarding, warehousing, and supply chain solutions; and Intermodal, focusing on container drayage and related warehouse handling services. Forward Air serves a diverse customer base comprising freight forwarders, third-party logistics providers, integrated air cargo carriers, airlines, steamship lines, and retailers. It is known for its single-source capability to deliver a broad menu of ground transportation and logistics services with high reliability, speed, and precision, supporting the air freight and expedited LTL markets with guaranteed and time-definite delivery options.
CEO Mr. Shawn Stewart · 6,062 employees · United States · https://www.forwardair.com