ArcBest's fair value estimate has been raised to US$157.73 from US$97.42, driven by higher revenue growth and profit margin assumptions. Goldman Sachs lifted its price target to US$165 from US$117, citing a more constructive freight recovery outlook, while Wells Fargo raised its target to US$150 from US$130 and BofA increased its target to US$160 from US$138. JPMorgan also raised its target to US$147 from US$117 but maintained a Neutral rating, seeing a balanced risk-reward profile. The revised fair value reflects a revenue growth assumption of 8.81%, up from 5.35%, and a profit margin forecast of 5.64%, up from 3.56%.
ArcBest CorpMultiple analysts raised price targets and fair value estimate increased due to higher revenue and margin assumptions.