Forecast Of The Day: FedEx Ground Revenues

by Trefis Team
+35.37%
Upside
258
Market
350
Trefis
FDX
FedEx
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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?

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

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