Barclays analyst Eric Morgan maintains $XPO (XPO.US)$ with a buy rating, and maintains the target price at $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 firm suggests that significantly higher multiples for less than truckload shipments indicate market optimism for future prospects, despite the current downturn. A refreshed analysis of the upcycle indicates substantial potential for earnings growth through 2026. The analysis points to considerable opportunities for volume growth within the industry, bolstered by market share gains in addition to a recovery in demand.
Sentiment for North America transports seems to have significantly enhanced, despite a blend of third-quarter earnings outcomes and generally careful projections for the fourth quarter. There's a concern that investors may be pursuing stocks that have already experienced substantial increases, with the necessity for companies to greatly exceed estimates to justify their current market values. Additionally, there's a growing risk that earnings for the year 2025 may not meet expectations.
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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