Stifel cuts Forward Air target to USD 24 for Forward Air stock

Published on 10/20/2026 at 20:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Forward Air reported USD 673.04 million revenue in Q2 2026. Forward Air stock costs EUR 13.70 on October 20, 2026, versus USD 15.38 on Nasdaq.

Analyst target and earnings figures

Stifel lowered its Forward Air target from USD 27.00 to USD 24.00 on October 8, 2026.
Forward Air reported USD 673.04 million in second-quarter 2026 revenue.
FWRD stock costs EUR 13.70 at Lang & Schwarz on October 20, 2026 at 8:49 p.m. CEST.
Forward Air scheduled its third-quarter 2026 earnings call for November 9, 2026.

FWRD, US34986A1043, Illustration mit AI erstellt.

Stifel reduced its Forward Air target to USD 24.00 from USD 27.00 on October 8, 2026, while keeping a Buy rating, according to Yahoo Finance. Forward Air stock was quoted at EUR 13.70 at Lang & Schwarz on October 20, 2026 at 8:49 p.m. CEST.

Stifel target remains above the quote

The revised target is 56.05 percent above the USD 15.38 Nasdaq quote for Forward Air at 2:54 p.m. ET on October 20, 2026. The calculation uses the two USD prices and keeps the German euro quotation separate from the home-market valuation.

The target change follows Stifel's earlier USD 27.00 objective and leaves the analyst's Buy rating unchanged. The target and rating date are the latest named analyst figures in the available coverage.

Second-quarter revenue reached USD 673.04 million

Forward Air reported USD 673.04 million in revenue for the second quarter ended June 30, 2026, according to the company's investor-relations page. The company describes its operations as asset-light freight and logistics services across the United States and Canada.

The next scheduled company event is Forward Air's third-quarter 2026 earnings call on November 9, 2026, at 4:30 p.m. ET, according to Forward Air. The date gives investors the next point at which management can update operating trends and the effect of freight demand on results.

Nasdaq quote and valuation frame

On Nasdaq, the stock was at USD 15.38 on October 20, 2026 at 2:54 p.m. ET. The same quote showed a 52-week range of USD 7.86 to USD 31.18 and a market capitalization of USD 519.5 million.

The market-capitalization figure places the company below the USD 1 billion threshold, while the Nasdaq quote sits between the stated yearly low and high. Forward Air's next scheduled report date is November 9, 2026.

Forward Air in brief

Forward Air provides expedited less-than-truckload services, truckload brokerage, dedicated fleet services, intermodal logistics and related freight operations. Its investor-relations materials identify 21 countries of operation and more than 4 million total shipments as company profile figures dated December 31, 2024.

The stock's current investor debate therefore combines a lower analyst target with a recent quarterly revenue figure and a fixed earnings date. The next report will provide the next dated test of that combination.

Stock position for investors

Forward Air's euro quotation and Nasdaq quotation belong to different trading venues and currencies, so they are shown separately. The Lang & Schwarz price was EUR 13.70 on October 20, 2026 at 8:49 p.m. CEST, while Nasdaq showed USD 15.38 at 2:54 p.m. ET.

The further course of trading is shown by the continuously updated real-time quote of Forward Air stock.