On Nov 07, major Wall Street analysts update their ratings for $GXO Logistics (GXO.US)$, with price targets ranging from $63 to $83.
Morgan Stanley analyst Ravi Shanker maintains with a buy rating, and maintains the target price at $70.
UBS analyst Thomas Wadewitz maintains with a buy rating, and adjusts the target price from $66 to $72.
Jefferies analyst Stephanie Moore maintains with a buy rating, and maintains the target price at $75.
TD Cowen analyst Jason Seidl maintains with a buy rating, and maintains the target price at $83.
Oppenheimer analyst Scott Schneeberger maintains with a buy rating, and maintains the target price at $63.
Furthermore, according to the comprehensive report, the opinions of $GXO Logistics (GXO.US)$'s main analysts recently are as follows:
The expectation of enhanced revenue growth for GXO Logistics by 2025 is supported by the acquisition of new contracts and favorable volume comparisons.
The firm noted that GXO Logistics' third quarter met expectations and highlighted the company's continued strength in contract wins and e-commerce. Additionally, management anticipates robust demand in the fourth quarter.
Following a recent evaluation, it is suggested that GXO Logistics' Q4 estimates are on the rise. This comes after a solid Q3 performance despite persistent volume challenges, with an observed improvement in margins. It appears that organic revenue growth has reached a turning point, which may indicate faster earnings growth moving forward.
Here are the latest investment ratings and price targets for $GXO Logistics (GXO.US)$ from 5 analysts:
Note:
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