Goldman Sachs Maintains Buy Rating and Raises Price Target for GXO Logistics
Goldman Sachs has reaffirmed its 'Buy' rating on GXO Logistics and increased its price target for the company's stock from $61 to $66.
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Filed: 2026-11-03 AccNo: 0001852244-26-000053 Size: 4 MB Item 7.01: Regulation FD Disclosure Item 9.01: Financial Statements and Exhibits
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Goldman Sachs has reaffirmed its 'Buy' rating on GXO Logistics and increased its price target for the company's stock from $61 to $66.
Following the company's Q3 2026 earnings release, UBS and Oppenheimer raised their price targets for GXO Logistics.
GXO Logistics announced its third-quarter 2026 financial results, reporting $3.6 billion in revenue and an adjusted diluted EPS of $0.89.
GXO Logistics is expected to report Q3 2026 earnings of $0.86 per share (up 8.9% YoY) with revenues of $3.56 billion (up 4.8% YoY) on November 3. However, the company has a negative Earnings ESP of -0.12% with a Zacks Rank #3, making it difficult to predict an earnings beat. While GXO has beaten consensus estimates in all four of the last quarters, recent analyst revisions have turned slightly bearish.