Susquehanna cuts target for Forward Air stock from USD 29.00 to USD 25.00
Published on 10/08/2026 at 18:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS- Susquehanna cut its Forward Air target from USD 29.00 to USD 25.00 on October 2, 2026, while keeping a Positive rating.
- Second-quarter 2026 revenue reached USD 673.04 million, up 8.80 percent year over year, but a USD 244.00 million impairment drove a USD 243.86 million net loss.
- Forward Air stock was trading at EUR 14.20 at Lang & Schwarz on October 8, 2026 at 6:09 p.m. CEST, up 3.27 percent versus EUR 13.75.
Susquehanna cut its Forward Air target from USD 29.00 to USD 25.00 in a note dated October 2, 2026, while keeping a Positive rating, according to MarketBeat. Forward Air stock was trading at EUR 14.20 at Lang & Schwarz on October 8, 2026 at 6:09 p.m. CEST, up 3.27 percent versus the prior close of EUR 13.75.
Three dates shape the story
On July 21, 2026, Forward Air outlined a customer-retention agreement covering 50.00 to 75.00 percent of USD 250.00 million in annual revenue, as Investing.com reported. The arrangement addressed a concentrated revenue risk and supplied a concrete operating milestone.
On August 5, 2026, second-quarter revenue reached USD 673.04 million, up 8.80 percent from USD 619.00 million a year earlier, according to Yahoo Finance. A USD 244.00 million non-cash goodwill impairment tied to Omni Logistics pushed operating income to a USD 201.00 million loss and net loss to USD 243.86 million.
On October 2, 2026, Susquehanna reduced its target from USD 29.00 to USD 25.00 while retaining its Positive rating, the latest dated event in this sequence, according to Markets Insider.
What does the target cut mean?
The new USD 25.00 target remains USD 10.80 above the Lang & Schwarz price, but the lower target shows that the analyst view has become more cautious even as the company reports higher revenue. The impairment is the key counterweight: it erased the quarter's operating profit and leaves investors weighing operational progress against acquisition-related balance-sheet damage.
Forward Air operates an asset-light freight and logistics network with expedited less-than-truckload, intermodal and related services, according to Forward Air. Its Nasdaq-listed stock had a USD 7.86 to USD 31.18 52-week range as of October 7, 2026, keeping the current US-market valuation well below the yearly high.
Next reporting date is October 28
Investing.com lists October 28, 2026 as Forward Air's next earnings date. The date gives the market a defined checkpoint for testing whether the USD 673.04 million second-quarter revenue trend can continue while the company absorbs the USD 244.00 million impairment.
Price rises after Xetra close
At Lang & Schwarz, Forward Air stock was trading at EUR 14.20 on October 8, 2026 at 6:09 p.m. CEST, after the Xetra close. That was plus 3.27 percent versus the Lang & Schwarz prior close of EUR 13.75 on October 7, 2026. The further course of trading is shown by the continuously updated real-time quote of Forward Air stock.
Forward Air stock facts
- Company: Forward Air Corporation
- ISIN: US34986A1043
- Ticker: FWRD
- Primary exchange: Nasdaq
- Price Lang & Schwarz as of October 8, 2026 at 6:09 p.m. CEST: EUR 14.20
- Change versus prior close: plus 3.27 percent
- Prior close Lang & Schwarz October 7, 2026: EUR 13.75
- Market capitalization: USD 501.3 million (as of October 8, 2026)
- 52-week range: USD 7.86-31.18 (as of October 7, 2026)
- Sector / Industry: Industrials / Air Freight and Logistics
- Index membership: S&P Transportation Select Industry Index
- Next earnings date: October 28, 2026
Market context: Market report S&P 500.
