Fintel reports that on October 17, 2025, Stifel maintained coverage of Forward Air (NasdaqGS:FWRD) with a Buy recommendation.
Analyst Price Forecast Suggests 78.00% Upside
As of September 30, 2025, the average one-year price target for Forward Air is $37.06/share. The forecasts range from a low of $32.32 to a high of $44.10. The average price target represents an increase of 78.00% from its latest reported closing price of $20.82 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Forward Air is 1,874MM, a decrease of 25.66%. The projected annual non-GAAP EPS is 6.39.
What is the Fund Sentiment?
There are 366 funds or institutions reporting positions in Forward Air. This is an increase of 163 owner(s) or 80.30% in the last quarter. Average portfolio weight of all funds dedicated to FWRD is 0.20%, an increase of 217.86%. Total shares owned by institutions increased in the last three months by 241.14% to 37,104K shares. 
The put/call ratio of FWRD is 0.16, indicating a bullish outlook.
What are Other Shareholders Doing?
Clearlake Capital Group holds 3,825K shares representing 12.42% ownership of the company.
Littlejohn & Co holds 2,922K shares representing 9.49% ownership of the company.
Ridgemont Partners Management holds 1,937K shares representing 6.29% ownership of the company. In its prior filing, the firm reported owning 1,923K shares , representing an increase of 0.72%.
Ancora Advisors holds 1,359K shares representing 4.41% ownership of the company.
IJR - iShares Core S&P Small-Cap ETF holds 1,250K shares representing 4.06% ownership of the company. In its prior filing, the firm reported owning 1,265K shares , representing a decrease of 1.16%. The firm increased its portfolio allocation in FWRD by 19.72% over the last quarter.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
