FedEx Investor Day Drives Price Target to $412 and Sets $98B 2029 Revenue Goal
Stifel analyst J. Bruce Chan raised FedEx’s price target to $412 from $328 and maintained a Buy rating following its Investor Day strategic roadmap. FedEx set 2029 targets including $98 billion in revenue, $8 billion in operating income, 8% operating margin, 11% ROIC and $6 billion in adjusted free cash flow.
1. Stifel Raises Price Target
On February 13, Stifel analyst J. Bruce Chan raised FedEx’s price target to $412 from $328 and maintained a Buy rating after the company’s Investor Day, citing recovery from a 3.5-year freight cycle downturn and post-COVID e-commerce normalization.
2. Investor Day Strategic Roadmap
During its 2026 Investor Day, FedEx announced mid-term targets for 2029: $98 billion in revenue, $8 billion in operating income, an 8% operating margin, 11% ROIC, CapEx at 4% of revenue and $6 billion in adjusted free cash flow, driven by premium growth and network transformation.
3. Morgan Stanley Revises Price Target
Also on February 13, Morgan Stanley analyst Ravi Shanker raised his price target to $220 from $210, noting that post-Network 2.0 growth will be more influenced by industry dynamics and structural challenges.