According to consensus data, the FedEx stock price forecast pegs fair value near $265 in mid-2024, reflecting stable revenue projections and disciplined capital expenditures. Technical charts are showing a bullish breakout from key resistance levels. Both companies have been under pressure in an oversupplied package delivery network. The pandemic threw a wrench into forecasting, and the industry overexpanded routes and capabilities in anticipation of sustained growth that never materialized . Throw in supply chain and inflation challenges in recent years, and it has been far from an easy time for these companies. The aggressive share repurchases increased bottom-line leverage, resulting in adjusted earnings of $6.07, up 12% year-over-year and 370 basis points better than the consensus forecast. FedEx stock price forecast for late 2024 stays constructive, with upside linked to consumer spending recovery and sustained B2B shipping volumes. Chart resistance at $275 is in focus for swing traders.