Truist cuts target to USD 350: FedEx stock sits 16.80 percent below it

Published on 10/09/2026 at 16:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fiscal 2026 revenue reached USD 94.72 billion, up 7.73 percent year over year. FedEx stock costs EUR 260.00 on October 9, 2026 versus EUR 260.20.

Key points in brief

Truist cut its FedEx price target from USD 365.00 to USD 350.00 on October 7, 2026, while maintaining a Buy rating.
FedEx reported fiscal 2026 revenue of USD 94.72 billion, up 7.73 percent year over year.
The Lang & Schwarz price was EUR 260.00 on October 9, 2026, down 0.08 percent from the EUR 260.20 prior close.

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FedEx Corporation (ISIN US31428X1063) had its Truist price target cut from USD 365.00 to USD 350.00 on October 7, 2026, while the firm maintained a Buy rating, according to Markets Insider. FedEx stock was last at USD 291.19 on the NYSE on October 9, 2026 at 10:37 a.m. ET, placing it 16.80 percent below the new target.

Three dated signals shape FedEx

On June 23, 2026, FedEx reported USD 25.01 billion in revenue and USD 6.60 adjusted earnings per share for the quarter ended May 31, 2026, with revenue up 12.42 percent year over year, according to Finanzen. On October 5, 2026, JPMorgan lowered its target from USD 400.00 to USD 399.00 and kept an Overweight rating, as FinanzNachrichten reported. On October 7, 2026, Truist cut its target from USD 365.00 to USD 350.00 while retaining Buy, according to Markets Insider.

What does the target reset change?

The two October target cuts point to a more cautious valuation framework, even though both firms kept positive ratings. Truist cited compressed valuation multiples and said the freight recovery remained primarily supply-driven, while earnings leverage would depend on stronger demand, according to Markets Insider.

FedEx fiscal 2026 revenue reached USD 94.72 billion, up 7.73 percent from USD 87.93 billion in the previous fiscal year, while earnings rose 8.29 percent to USD 4.43 billion, according to Stock Analysis. The combination of higher annual revenue and lower recent targets leaves the October earnings date as the next major valuation test.

Next results date is October 28

FedEx is expected to publish its next quarterly results on October 28, 2026, according to Finanzen. The report will give investors a fresh read on demand, pricing and the earnings leverage cited in the Truist note.

FedEx stock trades at EUR 260.00

FedEx stock was trading at EUR 260.00 at Lang & Schwarz on October 9, 2026 at 4:33 p.m. CEST, down 0.08 percent versus the EUR 260.20 prior close of October 8, 2026. The primary listing is on the NYSE, where the stock was last at USD 291.19 on October 9, 2026 at 10:37 a.m. ET, and its 52-week range was USD 180.87 to USD 345.37.

The further course of trading is shown by the continuously updated real-time quote of FedEx stock.