Stifel cuts Forward Air stock target from USD 27.00 to USD 24.00

Published on 10/17/2026 at 22:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue reached USD 673.0 million in the second quarter. Forward Air stock was last at USD 15.04 on October 16, 2026, down 5.05 percent versus USD 15.84.

Targets and operating results

Stifel lowered its Forward Air target from USD 27.00 to USD 24.00 on October 8, 2026.
Second-quarter revenue reached USD 673.0 million.
Forward Air stock was last at USD 15.04 at 4:00 p.m. ET on October 16, 2026, 5.05 percent below the Nasdaq prior close of USD 15.84.
Forward Air will release third-quarter results on November 9, 2026.

FWRD, US34986A1043, Illustration mit AI erstellt.

Forward Air (ISIN US34986A1043) faced a lower Stifel target of USD 24.00, down from USD 27.00, on October 8, 2026; the new target stood 59.57 percent above the last Nasdaq price. Markets Insider reported that the firm kept its Buy rating. Forward Air was last at USD 15.04 on October 16, 2026 at 4:00 p.m. ET, down 5.05 percent from the Nasdaq prior close of USD 15.84.

Second-quarter revenue reached USD 673.0 million

Forward Air reported USD 673.0 million in operating revenue for the second quarter ended June 30, 2026, versus USD 618.8 million a year earlier, an 8.80 percent increase. The same filing showed a net loss of USD 245.9 million, compared with USD 20.4 million in the second quarter of 2025. A USD 244.0 million goodwill impairment was included in the quarter. MarketWatch identifies the report as the Form 10-Q for the quarter ended June 30, 2026.

Price sits below the yearly high

The October 16, 2026 52-week range was USD 7.86 to USD 31.18. Relative to the USD 15.04 last price, the stock stood 51.73 percent below its high and 91.35 percent above its low. Trading volume was 267,435 shares against an average of 579,040.

Valuation and the next reporting date

Forward Air had a market capitalization of USD 508.1 million and a negative price-to-earnings ratio of minus 1.69 as of October 16, 2026. The company will release third-quarter 2026 results after the market closes on November 9, 2026, followed by a conference call at 4:30 p.m. ET, according to Financial Times.

Comparison with peers

Forward Air (Nasdaq, USD): minus 5.05 percent, P/E minus 1.69, market capitalization USD 508.1 million

Old Dominion Freight Line (Nasdaq, USD): minus 0.61 percent, P/E 36.17, market capitalization USD 39.0 billion

XPO (NYSE, USD): minus 1.14 percent, P/E 55.06, market capitalization USD 21.9 billion

What the price position means

Forward Air's latest quarterly revenue growth contrasts with a large reported loss and the stock's sharp gap below its 52-week high. The next earnings release on November 9, 2026 provides the next dated checkpoint for revenue, margins and the impact of the goodwill charge.