FDX - FedEx: Why Did The Stock Price Soar?
2024-06-26 13:19:02 ET
Summary
- FedEx beat analyst estimates in Q4 2024 on the top and bottom lines.
- Stock price reached $293 target, showing market outperformance.
- FedEx guided for a bullish FY25 with a strong outlook and DRIVE initiative outweighing headwinds.
FedEx (FDX) reported fourth quarter earnings on the 25 th of June, beating analyst expectations on the top and bottom line. In December 2023, I assigned a buy rating to FedEx stock , and while that rating has not resulted in market outperforming returns, the performance figures are slightly disfigured. In this report, I will be discussing the following:
- FedEx stock price development.
- Q4 2024 earnings
- The financial guidance for FY2025
- My price target and rating for FedEx stock.