JPMorgan cuts target for Old Dominion stock from USD 250 to USD 232

Published on 10/07/2026 at 07:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue rose 10.40 percent to USD 1.55 billion, with net income up 31.00 percent. Old Dominion stock had a EUR 158.10 prior close on October 5, 2026.

Finanz-Editorialbild mit grünem Aktienchart und Silhouette einer Truckflotte im Hintergrund — Old Dominion Freight Line US6795801009 zeigt NASDAQ-Börsen-Editorialbild mit steigendem Kursdiagramm und dunkler Frachtflotten-Silhouette, Illustration mit AI erstellt.

Old Dominion Freight Line, Inc. (ISIN US6795801009) faces a lower JPMorgan price target of USD 232.00, down from USD 250.00, after the bank maintained a Neutral rating in a report dated October 5, 2026, according to MarketBeat. The revision puts valuation and freight demand back at the center of the Old Dominion stock story.

JPMorgan lowers the target

The USD 18.00 reduction leaves the new target 29.31 percent above the USD 179.47 reference price cited by MarketBeat on October 5, 2026. MarketBeat also reported a consensus target of USD 225.57, based on 10 Buy, 14 Hold and 2 Sell ratings, giving the latest JPMorgan action a more cautious tone than the broader analyst mix.

The target change followed a quarter in which Old Dominion delivered better reported figures. The comparison is important because the company is combining earnings growth with a freight market that still carries volume pressure.

Revenue growth meets volume pressure

Old Dominion reported second-quarter 2026 total revenue of USD 1.554 billion, up 10.40 percent from USD 1.408 billion in the second quarter of 2025, according to Business Wire. Net income rose to USD 350.6 million from the year-earlier figure, while diluted earnings per share reached USD 1.68, compared with USD 1.27 in the same quarter of 2025.

August operating data show why analysts remain selective. Old Dominion said revenue per day increased 12.40 percent year over year, while LTL tons per day declined 0.90 percent, according to the August update carried by Business Wire. Pricing is therefore doing more of the work while shipment volumes remain a key operating variable.

Next results set for October 28

Old Dominion plans to release third-quarter 2026 results before trading opens on October 28, 2026, and will hold its earnings call at 10:00 a.m. ET, according to Business Wire. That report should show whether higher pricing can continue to offset softer tonnage and support the margin recovery reflected in the second-quarter results.

Valuation remains above the prior close

Old Dominion's market capitalization was USD 37.0 billion as of October 6, 2026, and its Nasdaq 52-week range was USD 126.01 to USD 252.03. The Lang & Schwarz prior close was EUR 158.10 on October 5, 2026, providing the German-market reference for the stock ahead of the next Xetra session. The further course of trading is shown by the continuously updated real-time quote of Old Dominion stock.