FedEx Corporation (NYSE:FDX) stock traded higher on Tuesday in premarket activity, extending gains from the prior regular session as investors reacted to new product updates and a supportive macro backdrop.
FedEx Launches AI-Driven Tracking And Returns
FedEx announced improved digital tracking and returns capabilities designed to help shippers simplify the customer experience after checkout. FedEx Tracking+ and FedEx Returns+ are two enhanced tools that can be embedded directly within a shipper’s owned digital channels, adding an AI-powered, white-labeled layer that improves visibility, communication, and operational efficiency throughout the delivery lifecycle, according to the company’s announcement Tuesday.
Transportation Sector Gets Tailwind From Cheaper Oil
Transportation stocks also moved higher as oil prices fell. WTI crude oil futures dropped below $62 per barrel on Tuesday, extending a six-month decline as geopolitical tensions eased.
The U.S. and Iran said they will resume talks on Friday to revive diplomacy over Iran’s nuclear program. In addition, President Donald Trump cut tariffs on Indian goods to 18% from 25% after Indian Prime Minister Narendra Modi agreed to halt purchases of Russian oil and increase imports from the U.S.
Anticipation Builds for FedEx’s Earnings Report
Investors are looking ahead to the next earnings report on Mar. 19.
- EPS Estimate: $4.02 (Down from $4.51 YoY)
- Revenue Estimate: $23.42 billion (Up from $22.20 billion YoY)
- Valuation: P/E of 18.6x (Indicates fair valuation)
Analyst Consensus & Recent Actions:
The stock carries a Buy Rating with an average price target of $298.60. Recent analyst moves include:
- Rothschild & Co: Downgraded to Neutral (Target $317.00) (Jan. 21)
- Bernstein: Market Perform (Raises Target to $306.00) (Jan. 9)
- Citigroup: Buy (Raises Target to $327.00) (Dec. 19, 2025)
FDX Price Action: FedEx shares were up 1.99% at $341.96 during premarket trading on Tuesday, according to Benzinga Pro data.
Photo by monticello via Shutterstock
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