Wells Fargo Rates FedEx (FDX) buy, $425 Price Target

Wells Fargo reaffirms a buy rating on FedEx with a $425 price target, a 29.27% upside from the current price.

By EarningsIQ Research Desk · Published Jun 17, 2026, 12:02 PM EDT · Updated Jun 24, 2026, 7:02 AM EDT

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Wells Fargo rated FedEx Corporation ($FDX) "buy" with a $425 price target on June 17, 2026.

Since the rating, $FDX is down 2.4% after 1 week, down 3.6% after 1 month and down 9.2% to date (from the $323.44 close on Jun 17, 2026).

FDX FedEx Corporation

$293.55 +25.74% year to date

Daily close · Oct 16, 2026

Key Points

Wells Fargo reiterated its buy rating on FedEx Corporation (NYSE: FDX) with a price target of $425 on June 17, 2026.
Wells Fargo's $425 price target implies 29.27% upside from FedEx Corporation's ($FDX) current $328.78 share price.
FedEx shares are trading at $335.74 with a market cap of $80.1 billion and a P/E ratio of 17.9.
Major institutional holders like BlackRock and Vanguard have made significant changes to their FedEx positions.

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Wells Fargo analyst Christian Wetherbee has reiterated a buy rating on FedEx Corporation (NYSE: FDX) with a price target of $425 as of June 17, 2026. FedEx shares are currently trading at $335.74.

Other Institutional Activity in FedEx

BlackRock, Inc. increased its FedEx holdings by 1,979,382 shares, ending with 18,803,689 shares valued at approximately $6.70 billion. Vanguard Capital Management LLC made a new position with 13,900,990 shares worth about $4.95 billion. Dodge & Cox reduced its stake by 5,598,719 shares, now holding 9,983,449 shares valued at around $3.56 billion. State Street Corp added 220,184 shares, resulting in a total of 9,741,875 shares worth $3.48 billion.

FedEx Corporation Stock Up 12.9%

Shares of FedEx Corporation (NYSE: FDX) are trading near $335.74. The company has a market cap of $80.1 billion and a P/E ratio of 17.9. Its stock has a 52-week low of $174.13 and a high of $345.37. The 50-day moving average is $314.36, and the 200-day moving average is $256.32. FedEx's current ratio is 1.47, quick ratio is 1.16, and its debt-to-equity ratio stands at 140.99.

12-month forecast

$FDX price target

FedEx Corporation daily closes and this analyst's $425 target. Not advice.

Recent Earnings

FedEx reported revenue of $91.93 billion with a revenue growth of 8.3%. The company achieved an EPS of $18.73, a net margin of 4.88%, and a return on equity of 15.87%. The next earnings report is expected on June 23, 2026.

Dividend

FedEx offers an annual dividend rate of $4.88, yielding 1.45%. The dividend payout ratio is 30.59%.

Insider Buying and Selling at FedEx Corporation

On May 5, 2026, insider Susan Patricia Griffith sold 2,804 shares at an average price of $361.28 and bought 4,123 shares at $245.60. Stephen Gorman sold 4,727 shares on April 27, 2026, while buying 4,727 shares at $146.62 and selling 1,785 shares at $388.46.

Analysts Set New Price Targets

On June 17, 2026, Wells Fargo maintained its buy rating on FedEx with a $425 price target. Barclays also maintained its buy rating with the same target on June 12. Morgan Stanley, however, kept a sell rating with a $160 target on June 3. The consensus recommendation is a buy with an average target price of $317.62 from 12 analyst opinions.

About FedEx Corporation

FedEx Corporation, headquartered in Memphis, Tennessee, is a leader in transportation and logistics services. The company operates through its Federal Express and FedEx Freight segments, offering express and freight shipping, ground delivery, and e-commerce solutions. Led by CEO Rajesh Subramaniam, FedEx employs around 300,000 people and provides a range of services including printing, shipping management, and logistics solutions.

Bottom Line

Wells Fargo's reiterated buy rating on FedEx highlights continued confidence in the company's performance. With a robust market presence and steady financial metrics, FedEx remains a key player in the logistics industry. Investors should note that analyst ratings are forward-looking opinions that may not reflect current market conditions.