These Analysts Revise Their Forecasts On FedEx After Q1 Results - FedEx (NYSE:FDX)

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 estimates 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 processes 17 million packages daily, as key to creating long-term value for stockholders [2] Future Outlook - FedEx anticipates revenue growth 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 - Following the earnings announcement, FedEx shares increased by 3% to $233.29 [3] Analyst Ratings and Price Targets - B of A Securities maintained a Neutral rating and raised the price target from $240 to $244 [6] - Wells Fargo maintained an Equal-Weight rating and increased the price target from $235 to $250 [6] - Stifel maintained a Buy rating but lowered the price target from $308 to $29 [6] - Susquehanna maintained a Positive rating and raised the price target from $285 to $300 [6] - Evercore ISI Group maintained an In-Line rating and decreased the price target from $243 to $239 [6] - JP Morgan maintained an Overweight rating and slightly lowered the price target from $285 to $284 [6]