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NASDAQ: ODFL
Old Dominion Freight Line Inc Stock Forecast, Predictions & Price Target

Analyst price target for ODFL

Based on 13 analysts offering 12 month price targets for Old Dominion Freight Line Inc.
Min Forecast
$180.00-8.47%
Avg Forecast
$214.54+9.09%
Max Forecast
$257.50+30.94%

Should I buy or sell ODFL stock?

Based on 13 analysts offering ratings for Old Dominion Freight Line Inc.
Buy
Strong Buy
3 analysts 23.08%
Buy
2 analysts 15.38%
Hold
8 analysts 61.54%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

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ODFL stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2024-04-25
lockedlocked$00.00+00.00%2024-04-25
lockedlocked$00.00+00.00%2024-04-25
lockedlocked$00.00+00.00%2024-04-25
lockedlocked$00.00+00.00%2024-04-25
Raymond James
Top 1%
100
BuyMaintains$233.00+18.48%2024-04-15
Goldman Sachs
Top 9%
92
HoldMaintains$222.00+12.89%2024-02-08
Susquehanna
Top 25%
76
Strong BuyMaintains$257.50+30.94%2024-02-08
Stifel Nicolaus
Bottom 8%
8
Strong BuyMaintains$217.00+10.34%2024-01-10
Deutsche Bank
Top 14%
87
HoldDowngrades$193.00-1.86%2023-11-27

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Forecast return on equity

Is ODFL forecast to generate an efficient return?
Company
N/A
Industry
N/A
Market
19.16%

Forecast return on assets

Is ODFL forecast to generate an efficient return on assets?
Company
N/A
Industry
N/A

ODFL revenue forecast

What is ODFL's revenue in the next 3 years based on estimates from 7 analysts?
Avg 1 year Forecast
$6.4B+8.47%
Avg 2 year Forecast
$7.0B+18.82%
Avg 3 year Forecast
$7.4B+26.47%
ODFL's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

ODFL earnings growth forecast

How is ODFL forecast to perform vs Trucking companies and vs the US market?
Company
12.85%
Industry
48.8%
Market
28.66%
ODFL's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Industry Forecast
ODFL's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Market Forecast
ODFL's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Savings Rate Forecast

ODFL revenue growth forecast

How is ODFL forecast to perform vs Trucking companies and vs the US market?
Company
8.71%
Industry
8.67%
Market
9.03%
ODFL's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
ODFL's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

ODFL vs Trucking Stocks

TickerPricePrice TargetUp/downsideConsensus
ODFL$196.66$214.54+9.09%Buy
SAIA$543.02$587.18+8.13%Strong Buy
XPO$118.25$125.27+5.93%Buy
TFII$140.74$160.11+13.76%Strong Buy
KNX$47.14$55.40+17.52%Buy

Old Dominion Freight Line Stock Forecast FAQ

Is Old Dominion Freight Line Stock a good buy in 2024, according to Wall Street analysts?

The consensus among 13 Wall Street analysts covering (NASDAQ: ODFL) stock is to Buy ODFL stock.

Out of 13 analysts, 3 (23.08%) are recommending ODFL as a Strong Buy, 2 (15.38%) are recommending ODFL as a Buy, 8 (61.54%) are recommending ODFL as a Hold, 0 (0%) are recommending ODFL as a Sell, and 0 (0%) are recommending ODFL as a Strong Sell.

If you're new to stock investing, here's how to buy Old Dominion Freight Line stock.

What is ODFL's revenue growth forecast for 2024-2026?

(NASDAQ: ODFL) Old Dominion Freight Line's forecast annual revenue growth rate of 8.71% is forecast to beat the US Trucking industry's average forecast revenue growth rate of 8.67%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 9.03%.

Old Dominion Freight Line's revenue in 2024 is $5,866,152,000.On average, 7 Wall Street analysts forecast ODFL's revenue for 2024 to be $1,385,044,106,053, with the lowest ODFL revenue forecast at $1,341,544,728,562, and the highest ODFL revenue forecast at $1,414,882,898,000. On average, 7 Wall Street analysts forecast ODFL's revenue for 2025 to be $1,517,279,497,048, with the lowest ODFL revenue forecast at $1,459,199,860,131, and the highest ODFL revenue forecast at $1,568,560,948,152.

In 2026, ODFL is forecast to generate $1,614,873,112,844 in revenue, with the lowest revenue forecast at $1,612,988,271,149 and the highest revenue forecast at $1,616,757,954,538.

What is ODFL's forecast return on assets (ROA) for 2024-2026?

(NASDAQ: ODFL) forecast ROA is N/A, which is lower than the forecast US Trucking industry average of N/A.

What is ODFL's Price Target?

According to 13 Wall Street analysts that have issued a 1 year ODFL price target, the average ODFL price target is $214.54, with the highest ODFL stock price forecast at $257.50 and the lowest ODFL stock price forecast at $180.00.

On average, Wall Street analysts predict that Old Dominion Freight Line's share price could reach $214.54 by Apr 25, 2025. The average Old Dominion Freight Line stock price prediction forecasts a potential upside of 9.09% from the current ODFL share price of $196.66.

What is ODFL's forecast return on equity (ROE) for 2024-2026?

(NASDAQ: ODFL) forecast ROE is N/A, which is considered weak.
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