Barclays analyst Eric Morgan maintains $XPO (XPO.US)$ with a buy rating, and adjusts the target price from $150 to $170.
According to TipRanks data, the analyst has a success rate of 70.3% and a total average return of 32.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $XPO (XPO.US)$'s main analysts recently are as follows:
The recent increase in less than truckload multiples indicates a strong market anticipation for future growth beyond the present economic downturn. An analysis looking towards an economic upcycle reveals significant potential for earnings expansion through 2026. This potential is further bolstered by expectations of volume growth, which is likely to be driven by both a recovery in demand and market share gains.
Sentiment for the North American transportation sector seems to have 'rapidly improved,' in spite of a blend of third-quarter earnings results and generally cautious fourth-quarter forecasts. There is now concern that investors might be pursuing equities that have already experienced significant increases, requiring companies to substantially surpass estimates to validate present valuations. Additionally, there is a growing risk of potential earnings disappointment in 2025.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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