FedEx is having a moment. Honestly, if you looked at this company two years ago, you might have seen a sprawling, slightly disorganized giant struggling to keep its head above water while Amazon bit at its heels. But the price of fedex stock today tells a much different story.
As of the close on Friday, January 16, 2026, FedEx (FDX) shares settled at $308.27. That is a bit of a dip from the day's open of $313, but don't let the daily noise fool you. The stock has been flirting with its 52-week high of $318.83 lately. It’s a massive jump from where things stood just a year ago when the stock was languishing near $194.
Why the sudden love from Wall Street?
It’s not just one thing. It’s a mix of aggressive cost-cutting, a massive structural spin-off, and some surprisingly resilient earnings numbers that caught everyone off guard.
The numbers behind the price of FedEx stock today
Wall Street usually hates surprises, unless they involve making more money than expected. That’s exactly what happened in December. FedEx dropped its Q2 2026 earnings report, and it was a bit of a mic drop. They posted an adjusted EPS of $4.82, which blew right past the $4.02 that analysts were predicting.
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Revenue hit $23.47 billion. That’s up nearly 7% from the previous year.
Usually, shipping companies are the first to feel an "economic chill." If people aren't buying stuff, FedEx isn't moving stuff. But John Dietrich, the CFO, basically told investors that the "momentum is building." They even raised their full-year guidance for 2026, now expecting diluted earnings between $17.80 and $19.00 per share.
People are buying into the "DRIVE" program. That’s the internal name for their plan to squeeze $4 billion in costs out of the system by the end of fiscal 2025. It seems to be working. They’ve already identified another $1 billion in "transformation-related savings" for this year alone.
What analysts are saying (and why they disagree)
Not everyone is convinced. It’s a stock market; if everyone agreed, the price wouldn't move.
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- The Bulls: BofA Securities recently slapped a "Buy" rating on the stock with a price target of $365. Analyst Ken Hoexter thinks FedEx is a top pick for 2026 because they are finally integrating their air and ground networks—something they should have done years ago.
- The Bears: BNP Paribas Exane recently downgraded the stock to "Neutral." Their concern? Amazon. It’s always Amazon. They think the competitive pressure in the U.S. domestic market is going to eventually cap how much FedEx can charge.
- The Consensus: Out of 16 major analysts, 9 have it as a "Strong Buy." The average price target is hovering around $302.65, which ironically is slightly below where it's trading now.
The FedEx Freight spin-off is the "X-Factor"
If you want to understand the price of fedex stock today, you have to look at June 1, 2026. That is the date FedEx plans to spin off its Freight business into a separate company (ticker: FDXF).
This is a huge deal. FedEx Freight is actually a very high-margin, successful part of the business. By spinning it off, management thinks they can "unlock value." Basically, they think the two companies separate will be worth more than they are together.
It’s a classic move to make the parent company leaner. They’ve already named a board of directors for the new entity, including R. Brad Martin as chair. Investors love this kind of clarity. It reduces "governance uncertainty," which is just a fancy way of saying shareholders know who's in charge.
Real-world pressures on the share price
It’s not all spreadsheets and board meetings. FedEx just hiked its rates by an average of 5.9% on January 5, 2026.
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They do this every year. But this year, they’re doing it while also trying to manage a "Network 2.0" transition. They are literally merging their Express and Ground units in many locations. If you've ever seen two different FedEx trucks on your street at the same time, you know why this is necessary. It’s inefficient.
Fixing that inefficiency is what's driving the P/E ratio, which currently sits around 17.0. That’s fairly reasonable for a company growing earnings at double-digit rates.
Actionable insights for following FDX
If you're watching the price of fedex stock today to decide on a move, here is how you should actually track it:
- Watch the March 19 Earnings Call: This is the next big catalyst. If they beat estimates again, that $318 ceiling might shatter.
- Monitor the Freight Spin-off updates: Keep an eye on the "Investor Day" scheduled for April 8, 2026. This is where they will reveal the real financial guts of the new FDXF company.
- Check the 10-Year Treasury Yield: Shipping stocks are sensitive to interest rates because they carry a lot of debt for those planes and trucks. If rates stay high, it eats into the margins.
- The "Amazon Factor": Look for news about Amazon’s "next-day" expansion. If Amazon starts poaching more B2B (business-to-business) volume, that’s a red flag for FedEx.
The logistics world is changing. FedEx is no longer just a delivery company; they are trying to become a high-tech data company that happens to own trucks. Whether they can pull off that transition while spinning off their best-performing unit is the $72 billion question.
For now, the market seems to think they can. The trend line is pointing up, but in a world of volatile fuel prices and shifting trade routes, nothing is ever truly "delivered" until the check clears.
Focus on the upcoming April Investor Day. That will likely be the moment we see if the current rally has real legs or if it's just a temporary bounce before the spin-off reality sets in.