B of A Securities Cuts FedEx (FDX) Price Target to $359
Key Points
- B of A Securities adjusted its price target on FedEx from $378 to $359 while keeping a Buy rating on the stock.
- B of A Securities's $359 price target implies 19.45% upside from FedEx Corporation's ($FDX) current $300.55 share price.
- As of October 27, 2026, FedEx shares traded recently around $300.55, which is about equal to the prior day's close of $300.58.
- The company has a market cap of about $71.1 billion and reported trailing twelve-month revenue of approximately $94.7 billion.
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On October 27, 2026, B of A Securities lowered its price target for FedEx Corporation (FDX) to $359 from $378. The firm maintains its Buy rating on the stock. This adjustment reflects the firm’s updated outlook on FedEx's performance in the market.
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B of A Securities' Call on FedEx
B of A Securities lowered its price target on FedEx from $378 to $359. This decision comes as FedEx's shares have been trading below important moving averages and the overall market sentiment has shifted. The stock is currently below its 50-day moving average of about $305.93 and its 200-day moving average of around $303.61.
Other Institutional Activity in FedEx
UniSuper Management increased its stake in FedEx by 42,693 shares, bringing its total to 136,873 shares valued at about $39 million as of October 26, 2026. Meanwhile, Primecap Management Company reduced its holdings by 146,132 shares, leaving it with 8,156,799 shares worth approximately $2.45 billion. Dodge & Cox Inc. also trimmed its position, selling 2,750,539 shares, and now holds 7,233,269 shares valued at about $2.17 billion. Franklin Resources, Inc. cut its stake by 530,583 shares, ending with 5,364,782 shares worth about $1.61 billion.
FedEx Corporation Stock Up 0.6%
As of October 27, 2026, FedEx shares traded around $300.55, which is about equal to its closing price of $300.58 on October 26, 2026. The stock is currently about 13% below its 52-week high of $345.37 and 52.7% above its 52-week low of $196.86. The recent trading level suggests the stock is facing some downward pressure relative to its target mean price of $355.50.
$FDX price target
FedEx Corporation daily closes and this analyst's $359 target. Not advice.
Recent Earnings
FedEx recently reported trailing twelve-month revenue of approximately $94.7 billion, with a net margin of 4.7% and a return on equity of 14.8%. The next earnings report is scheduled for October 28, 2026.
Insider Buying and Selling at FedEx Corporation
On June 30, 2026, Director Paul S. Walsh sold 5,042 shares of FedEx at an average price of $324.56, totaling about $1.64 million. This sale occurred before the recent price target change.
Analysts Set New Price Targets
On October 27, 2026, B of A Securities maintained its Buy rating on FedEx while lowering its price target to $359 from $378. Other analysts have also maintained their ratings, with Citigroup setting a target of $373 and JP Morgan at $399. The consensus among analysts is a Buy rating with a mean price target of $355.50 based on 26 opinions.
About FedEx
FedEx Corporation offers transportation, e-commerce, and business services worldwide. The company operates primarily through its Express U.S. Domestic and Express International segments. Its recent adjustments in price targets by analysts like B of A Securities reflect the ongoing dynamics in the logistics and transportation industry.
Bottom Line
Investors should monitor FedEx's upcoming earnings report on October 28, 2026, for insights into its performance amid changing market conditions. The adjustments in price targets signal analysts' cautious outlook as the stock trades below its recent highs.
Related Filing Alerts
Source: B of A Securities's rating change on $FDX (Oct 27, 2026). Written by software, not financial advice. How we make alerts