Old Dominion Freight Line stock gained 1.34 percent as target fell below USD 202
Published on 10/03/2026 at 21:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Old Dominion Freight Line stock (ISIN US6795801009) gained 1.34 percent to USD 180.48 on Nasdaq on October 2, 2026, as Susquehanna cut its price target from USD 232 to USD 202 while retaining a neutral rating, according to MarketBeat on October 2, 2026. The move leaves the stock 28.43 percent below its 52-week high of USD 252.03.
Target cut tests the rebound
Susquehanna's new USD 202 target is USD 21.52 above the October 2 closing price, implying 11.92 percent upside under the stated target. The revision contrasts with a broader MarketBeat consensus target of USD 226.35 and an overall Hold rating based on 10 Buy, 14 Hold and two Sell ratings.
The valuation debate is unusually wide. Old Dominion's USD 37.5 billion market capitalization and 34.77 price-to-earnings ratio place the company firmly in the large-cap trucking group, while the 52-week range shows how far the shares remain from the USD 252.03 peak.
Q2 earnings beat estimates
Old Dominion reported diluted EPS of USD 1.68 and revenue of USD 1.55 billion for Q2 2026, beating the USD 1.54 EPS consensus by USD 0.14 and the USD 1.54 billion revenue estimate by USD 10 million, according to MarketBeat. Revenue increased 10.4 percent from the same quarter a year earlier, while EPS rose from USD 1.27 in the prior-year quarter.
That combination gives investors two competing signals: earnings execution remains visible, but the target reduction points to more cautious assumptions for the freight cycle. The latest quarter also delivered USD 350.6 million in net income and a 30 percent operating margin in the standardized financial data for Q2 2026.
Q3 results arrive October 28
Old Dominion plans to release Q3 2026 results before trading opens on October 28, 2026, followed by a 10:00 a.m. ET conference call, according to StockTitan in a September 30, 2026 company announcement. The report will test whether the Q2 revenue acceleration can persist after the target reset.
Old Dominion Freight Line closed at USD 180.48 on Nasdaq on October 2, 2026, with a session high of USD 182.91, a session low of USD 179.83 and volume of 1,949,365 shares.
Old Dominion Freight Line stock data
- Company: Old Dominion Freight Line, Inc.
- ISIN: US6795801009
- Ticker: ODFL
- Trading venue: Nasdaq
- Price (as of October 2, 2026, 4:00 p.m. ET): USD 180.48 Closing price
- Market capitalization: USD 37.5 billion (as of October 2, 2026)
- 52-week range: USD 126.01-252.03 (as of October 2, 2026)
- Sector / Industry: Industrials / Trucking
- Index membership: Nasdaq-100
- Next earnings date: October 28, 2026
