Stifel has revised its price target for ArcBest (ARCB, Financial), reducing it from $125 to $102, though it maintains a Buy rating on the stock. The adjustment comes as the firm prepares for the upcoming first-quarter results within the Less-than-Truckload sector.
Despite the prevailing uncertainties, Stifel highlights that core pricing remains steady, and the competitive landscape is rational. This stability, according to Stifel, gives the industry a comparative advantage in navigating the challenging market conditions more effectively than other transportation sectors.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 11 analysts, the average target price for ArcBest Corp (ARCB, Financial) is $94.73 with a high estimate of $140.00 and a low estimate of $66.00. The average target implies an upside of 52.00% from the current price of $62.32. More detailed estimate data can be found on the ArcBest Corp (ARCB) Forecast page.
Based on the consensus recommendation from 13 brokerage firms, ArcBest Corp's (ARCB, Financial) average brokerage recommendation is currently 2.5, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for ArcBest Corp (ARCB, Financial) in one year is $101.99, suggesting a upside of 63.66% from the current price of $62.32. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the ArcBest Corp (ARCB) Summary page.
