FedEx stock gains as Evercore lifts target to $350

Published on 09/09/2026 at 20:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Evercore ISI raised FedEx stock to $350 from $323 on September 9, 2026. FedEx reported $23.26 billion in revenue and $5.88 EPS for the quarter.

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FedEx Corp. stock (US31428X1063) traded at USD 316.64 on September 8, 2026, down USD 5.88 or 1.82 percent, with a market value of USD 74.94 billion and a 52-week range of USD 177.86 to USD 345.36.

Evercore resets the target

According to Investing.com on September 9, 2026, Evercore ISI raised its price target on FedEx to USD 350 from USD 323 and kept an In Line rating. The same report said the firm's full-year 2026 earnings per share estimate now stands at USD 17.64, down from USD 17.90, while the 2027 estimate rose to USD 21.88 from USD 20.17.

That leaves the new target 10.5 percent above the September 8, 2026 close of USD 316.64. For investors, the gap is still smaller than the spread between the stock and its 52-week high of USD 345.36.

Quarter numbers still matter

MarketBeat said on September 9, 2026 that FedEx last reported quarterly earnings on July 21, 2026, with EPS of USD 5.88, revenue of USD 23.26 billion, net margin of 4.68 percent and return on equity of 16.49 percent. The same snippet said analysts expect USD 17.6 EPS for the current fiscal year, a figure that now sits close to Evercore's revised USD 17.64 estimate.

The Globe and Mail reported on September 9, 2026 that FedEx's latest earnings release for the quarter ending May 31 showed revenue of USD 25.01 billion and net profit of USD 1.6 billion, versus USD 22.22 billion and USD 1.65 billion a year earlier. That is revenue growth of 12.6 percent, while profit slipped 3.0 percent year over year.

Stock near its high

FedEx stock stayed 8.4 percent below its 52-week high of USD 345.36 and 77.9 percent above its 52-week low of USD 177.86 on September 8, 2026. MarketBeat also showed volume of 496,188 shares and a market capitalization of USD 74.94 billion on the same snapshot.