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StocksMediumUpdated•Originally published 14 April 2026•Updated 16 April 2026•

1 min read

BofA Reaffirms Buy Rating for FedEx with $440 Price Target

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Key Facts

1BofA Securities analyst maintained a Buy rating and a $440 price target for FedEx.

about 2 months ago

Version History

Version 1about 2 months ago

What changed: Updated to include insider share sales by the EVP, the upcoming departure of the CFO, and year-to-date performance data suggesting potential overvaluation.

BofA Securities maintained its Buy rating on FedEx (FDX) with a $440 price target, citing the potential of the FedEx Freight spinoff. However, new headwinds emerged as EVP Brie Carere sold 2,700 shares at $370.03 on April 14, 2026, amid a massive rally that saw the stock gain 83% over the past year. Adding to the uncertainty, CFO John Dietrich is set to depart on June 1st, a move UBS analysts labeled as 'optically tough' regarding its timing. While the company targets high-growth sectors like healthcare, some DCF models now suggest the stock may be fundamentally overvalued following its 29.30% year-to-date surge. This shift introduces a more cautious tone to the narrative, balancing institutional optimism with executive turnover and insider selling at peak prices.