Forecast Of The Day: FedEx Express Revenue

+54.10%
Upside
152
Market
235
Trefis
FDX: FedEx logo
FDX
FedEx

What? 

FedEx (NYSE:FDX) Express Revenue declined from $39.8 billion in 2019 to $37.6 billion in 2020. Trefis expects the number to rise to around $44 billion in 2021 and to around $47.5 billion in 2022.

Why?

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While sales dipped a bit in 2020 due to the impact of Covid-19, we expect the global economic recovery to drive growth in the coming years.

So What?

We think the impact of the economic recovery isn’t fully priced into FedEx stock. We value FDX at about $326 per share, about 30% ahead of the current market price.

See Our Complete Analysis For FedEx

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