Forecast Of The Day: FedEx Ground Revenues
What?
Trefis expects revenues for FedEx (NYSE:FDX) Ground services to increase from around $24 billion in 2020 to almost $32 billion in 2021 and $35 billion in 2022.
Why?
- Should You Pick FedEx Stock At $300 After Q3 Earnings Beat?
- What To Expect From FedEx’s Q3 After 20% Gains In A Year?
- Up 30% In A Year Is FedEx Stock A Better Pick Over UPS?
- With 20% Gains In A Month Is Target A Better Pick Over FedEx Stock?
- Will FedEx Stock Rebound To Its Pre-Inflation Shock Level of Over $300?
- Which Stock Is A Better Pick For The Next Three Years – FedEx Or UNH?
We expect growth to be driven by increasing e-commerce deliveries following the Covid-19 pandemic and higher pricing.
So What?
FedEx stock has rallied by almost 80% over the last year, as demand surged and we think it has more room to run. Our price estimate of $350 per share is about 17% ahead of the current market price.
See Our Complete Analysis For FedEx
What if you’re looking for a more balanced portfolio instead? Here’s a high-quality portfolio that’s beaten the market since 2016
See all Trefis Price Estimates and Download Trefis Data here
What’s behind Trefis? See How It’s Powering New Collaboration and What-Ifs For CFOs and Finance Teams | Product, R&D, and Marketing Teams