Goldman Sachs Reiterates Buy Rating on Old Dominion Freight Line
Goldman Sachs reaffirms its buy rating on Old Dominion Freight Line, setting a price target of $235, a 4.78% upside from the current price.
Key Points
- Goldman Sachs maintained its buy rating on Old Dominion Freight Line, setting a price target of $235 as of June 23, 2026.
- Goldman Sachs's $235 price target implies 4.78% upside from Old Dominion Freight Line, Inc.'s ($ODFL) current $224.28 share price.
- Old Dominion Freight Line, trading at $218.9 on Tuesday, has a market cap of $45.65 billion and a P/E ratio of 45.73.
- Key insiders at Old Dominion Freight Line have been active, with several purchasing shares in May 2026.
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Goldman Sachs has reiterated its buy rating for Old Dominion Freight Line, Inc. (NasdaqGS: ODFL), setting a price target of $235. This decision, announced on June 23, 2026, reflects continued confidence in the company's prospects.
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Old Dominion Freight Line, Inc. Stock Up 12.9%
Shares of NasdaqGS:ODFL traded near $218.9 on Tuesday. Old Dominion Freight Line has a market cap of approximately $45.65 billion. The company boasts a P/E ratio of 45.73 and a forward P/E of 34.62, indicating strong earnings expectations. With a beta of 1.18, the stock has shown moderate volatility. It has traded between $126.01 and $252.03 over the past year, with a 50-day moving average of $216.99 and a 200-day moving average of $176.46.
$ODFL price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Old Dominion reported revenue of about $5.46 billion, although it experienced a slight decline in revenue growth of 2.9%. The company's net margin stands at 18.5%, with a return on equity of 23.3%. Investors can look forward to the next earnings report on July 29, 2026.
Insider Buying and Selling at Old Dominion Freight Line, Inc.
Insider activity has been notable at Old Dominion Freight Line. On May 27, 2026, Executive Chairman David Congdon sold 295,670 shares. Meanwhile, on May 20, 2026, insiders including Andrew Stephen Davis, Albert Randolph II Smith, Cheryl Miller, John Kasarda, and Bradley Gabosch each bought 859 shares.
Analysts Set New Price Targets
On June 23, 2026, Goldman Sachs maintained its buy rating on Old Dominion Freight Line with a $235 price target. Earlier in June, Citigroup downgraded the stock to a sell with a $228 target, while Jefferies maintained a hold rating with a $250 target. Overall, the consensus recommendation remains a hold with a mean price target of $221.95 across 22 analyst opinions.
About Old Dominion Freight Line
Old Dominion Freight Line, Inc. is a major player in the trucking industry, operating as a less-than-truckload carrier across the United States and North America. Based in Thomasville, North Carolina, the company provides a range of services including regional, inter-regional, and national freight transportation. Under the leadership of CEO Kevin M. Freeman, Old Dominion employs over 20,000 people and maintains a fleet that includes thousands of tractors and trailers.
Bottom Line
Goldman Sachs' reaffirmation of its buy rating for Old Dominion Freight Line indicates confidence in the company's future. Investors closely watch these ratings as they provide insight into potential stock performance. However, it's important to remember that these are backward-looking assessments and might not reflect current market conditions.
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