.September 18, 2024 Wednesday 04:05:11 PM

Jordan Alliger of Goldman Sachs has set a new price target for FedEx Corporation (NYSE:FDX) at $332, indicating an 11.09% potential increase. FedEx is expected to announce its first-quarter earnings for fiscal year 2025 on September 19, with forecasts suggesting strong performance. The company reported a modest revenue increase of 1% year-over-year in the previous quarter, with an adjusted operating margin expansion to 8.5%.

FedEx’s stock performance reflects a cautious optimism among investors, with the price slightly increasing by $0.73 to $298.07. The stock has experienced fluctuations over the past year, with a low of $224.69 and a high of $313.84, showcasing the volatility and potential for growth in the logistics and delivery sector. With a market capitalization of approximately $73.02 billion, FedEx remains a significant player in the industry, closely monitored for its financial health and growth prospects.