What Analysts Think of FedEx Stock Ahead of Earnings

FedEx (FDX) is slated to report earnings for the fourth quarter of its fiscal 2025 after the closing bell on Tuesday, with analysts largely bullish on the shipping giant’s stock.

Of the 14 analysts following the company who are tracked by Visible Alpha, 12 call FedEx a “buy,” while two others give it a “hold” or equivalent rating. The analysts have an average price target of $281, implying roughly 24% upside from Friday’s close. The stock has lost nearly 20% of its value this year so far.

FedEx’s fourth-quarter revenue is expected to decline just over 1% from the same time a year ago to $21.82 billion. Adjusted earnings per share, however, are expected to rise more than 8% to $5.88 as FedEx continues to work through its cost-cutting efforts.

The previous quarter, FedEx missed estimates and cut its full-year outlook for the third straight quarter, citing a “very challenging operating environment.”

UBS, Morgan Stanley See Tariffs Creating More Shipping Uncertainty

Ahead of the scheduled earnings report Tuesday, UBS analysts cut their price target for FedEx stock to $311 from $331. They lowered their estimate for the company’s 2026 profit “to reflect a more muted volume and revenue backdrop and meaningfully less margin improvement in both Federal Express (FEC) and Freight.”

Morgan Stanley analysts, with an “underweight” rating and a $200 price target, wrote earlier this month that they expect FedEx to miss estimates for the fiscal fourth quarter. They said they expect a “noisy miss” despite it representing the final quarter of the company’s “DRIVE” savings program, citing “inflationary pressures, one fewer operating day, tariff-related volume headwinds, and [business-to-business] weakness,” adding that fiscal 2026 outlook will likely be more important for the stock than Tuesday’s fourth-quarter results.