The Zhitong Finance App learned that FedEx (FDX.US) announced the results for the third quarter of 2026 on Wednesday. Thanks to higher package unit prices, increased business volume, and continued progress in structural cost reduction measures, the company's revenue and profit for the current quarter both exceeded Wall Street expectations, and raised its profit forecast for the full year 2026. Goldman Sachs pointed out in a research report released after FedEx announced its latest results that the company's third-quarter results exceeded expectations and that international business performance was strong. Despite short-term quarterly fluctuations and cost pressure, the long-term development path is still steady. Goldman Sachs continues to give FedEx a “buy” rating. The target price for 12 months is $390. This target price has room for an increase of about 28% compared to the stock's closing price of $304.58 on Wednesday.

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