These Analysts Revise Their Forecasts On FedEx After Q1 Results

Financial Performance - FedEx Corporation reported first-quarter revenue of $22.2 billion, exceeding analyst estimates of $21.67 billion [1] - The company achieved adjusted earnings of $3.83 per share, surpassing expectations of $3.62 per share [1] Strategic Initiatives - FedEx's president and CEO, Raj Subramaniam, highlighted the company's strategic initiatives and operational data platform, which supports the movement of 17 million packages daily, as key to creating long-term value for stockholders [2] Future Outlook - FedEx anticipates a revenue increase of 4% to 6% year-over-year for fiscal 2026 [3] - The company reaffirmed its commitment to permanent cost reductions of $1 billion through structural changes and the advancement of Network 2.0 [3] Stock Performance and Analyst Ratings - Following the earnings announcement, FedEx shares rose by 3% to $233.29 [3] - Analysts have adjusted their price targets for FedEx, with varying ratings: - B of A Securities raised the target from $240 to $244 [6] - Wells Fargo increased the target from $235 to $250 [6] - Stifel lowered the target from $308 to $29 [6] - Susquehanna raised the target from $285 to $300 [6] - Evercore ISI Group lowered the target from $243 to $239 [6] - JP Morgan decreased the target from $285 to $284 [6]