WallStSmart
FDX

FedEx Corporation

NYSE: FDX · INDUSTRIALS · INTEGRATED FREIGHT & LOGISTICS

$403.31
+3.79% today

Updated 2026-04-30

Market cap
$92.72B
P/E ratio
20.75
P/S ratio
1.01x
EPS (TTM)
$18.73
Dividend yield
1.49%
52W range
$207 – $404
Volume
1.8M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

FedEx Corporation (FDX) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$403.31
Consensus
$376.67
-6.61%
2030 Target
$5,894.57
+1361.55%
DCF
$413.19
+11.14% MoS
21 analysts:
6 Buy5 Hold2 Sell

Management guidance

FedEx management has not provided explicit revenue targets through 2030. However, recent earnings guidance (March 2026) indicates strong operational momentum with the DRIVE transformation plan delivering margin expansion and Network 2.0 efficiencies. Management expects continued growth in express services and core business units, though FedEx Freight faces near-term headwinds. The company raised FY2026 EPS guidance, signaling confidence in mid-single-digit to low-double-digit revenue growth.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$9,836.34
$116.4B Rev × 20x P/S
Base case (2030)
$5,894.57
$116.4B Rev × 12x P/S
Bear case (2030)
$3,941.77
$116.4B Rev × 8x P/S

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2028 (E)2029 (E)2030 (E)
Revenue$90.2B$87.7B$87.9B$94.5B$99.1B$104.8B$110.5B$116.4B
Revenue growth—-2.7%0.3%7.5%4.9%5.8%5.4%5.3%
EPS—$17.81$8.65$18.81$21.90$24.50$27.20$30.10
P/S ratio———12.0x12.0x12.0x12.0x12.0x
Implied price———$4,773.52$5,026.66$5,315.96$5,605.27$5,894.57

Catalysts & risks

Growth catalysts
+ Network 2.0 operational efficiency gains and cost structure optimization
+ FedEx Freight spinoff unlocking value and improving express margins
+ Same-day delivery service (SameDay Local partnership with OneRail) capturing high-margin e-commerce growth
+ International express expansion and pricing power in premium services
+ RFID and automation investments improving productivity
Key risks
- Geopolitical disruption (Iran war impact on fuel costs and supply chains)
- Macro slowdown reducing freight volumes and pricing power
- E-commerce normalization post-pandemic reducing package growth
- FedEx Freight spinoff execution risk and integration costs
- Rising fuel surcharges pressuring margins despite pricing actions

Methodology

FedEx Corporation's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 21 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 6, 2026.