UBS Rates FedEx (FDX) buy, $350 Price Target

UBS analyst Thomas Wadewitz reiterates a buy rating on FedEx, raising the price target to $350, a 6.24% upside from the current price.

By EarningsIQ Research Desk · Published Jun 24, 2026, 10:02 AM EDT · Updated Jun 26, 2026, 1:02 PM EDT

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UBS rated FedEx Corporation ($FDX) "buy" with a $350 price target on June 24, 2026.

Since the rating, $FDX is down 0.9% after 1 week, down 0.6% after 1 month and down 7.0% to date (from the $315.59 close on Jun 24, 2026).

FDX FedEx Corporation

$293.55 +25.74% year to date

Daily close · Oct 16, 2026

Key Points

UBS reiterated its buy rating on FedEx Corporation (NYSE: FDX) with a new price target of $350 on June 24, 2026.
UBS's $350 price target implies 6.24% upside from FedEx Corporation's ($FDX) current $329.44 share price.
FedEx shares recently traded at $329.44, close to their 52-week high of $345.37, indicating strong market performance.
Analysts currently have a consensus buy rating for FedEx, with a mean price target of $355.88 based on 26 opinions.

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UBS Raises Price Target for FedEx

UBS has reaffirmed its buy rating on FedEx Corporation (NYSE: FDX), adjusting the price target to $350 as of June 24, 2026. This move reflects the firm's confidence in FedEx's growth potential amidst a competitive logistics environment.

The new target signifies a positive outlook, especially as FedEx shares are currently priced at $329.44. This positions the stock near its 52-week high of $345.37, demonstrating a solid performance in the integrated freight and logistics sector.

Analyst rating track record

UBS vs. the S&P 500

YTD return +7.21% hypothetical

All-time return +23.23% S&P 500 +23.97%

vs. S&P 500 -0.74% behind the index

Hypothetical returns from UBS's disclosed trades, not real profit or advice. How we model this.

Analysts Set New Price Targets

Several other firms have also maintained their ratings on FedEx. Citigroup kept a buy rating with a target of $373.0 on October 7, 2026, while Truist Securities maintained a buy rating with a target of $350.0 on the same date. JP Morgan has an overweight rating with a target of $399.0 as of October 5, 2026. These ratings contribute to a consensus buy recommendation, with the average target sitting at $355.88 based on 26 analyst opinions.

FedEx’s Recent Performance

The stock's recent trading at $329.44 suggests it is responding well to market conditions. The current price is significantly above the 50-day moving average of $309.83, indicating strong momentum. With a market cap of approximately $69.9 billion and a P/E ratio of about 15.93, FedEx remains an attractive player in the logistics sector.

What FedEx Corporation Does

FedEx Corporation, headquartered in Memphis, Tennessee, operates through two main segments: Express U.S. Domestic and Express International. It provides a wide range of services including transportation, e-commerce, and logistics solutions. The company's diverse offerings position it well to capitalize on growing demand in the logistics market.

What’s Next for FedEx

Investors will be looking ahead to FedEx's next earnings report, scheduled for October 28, 2026. As a reminder, the information in this report reflects FedEx's position as of June 24, 2026, and may not represent its current stance. With analysts maintaining a positive outlook, FedEx appears well-positioned for continued growth in the coming quarters.

12-month forecast