1 Wall Street Analyst Thinks UPS Stock Is Going to $100. Is It a Sell Around $147?
United Parcel Service (NYSE: UPS) held an analyst day earlier this week where the company provided investors with an optimistic new three-year strategic plan for revenue and profit margin growth. But not all analysts share that optimism.
Following the event, Morgan Stanley analyst Ravi Shanker raised his firm's price target for UPS stock by $5 per share, but he still thinks investors should sell the stock. The new price target of $100 per share would still represent a decline of 33% from the stock's current price. That's after share prices for the delivery and logistics company have already dropped by more than 20% over the past year.
While Shanker wasn't disappointed with the 2026 financial targets presented by UPS CEO Carol Tomé, the analyst questioned the viability of the path to get there. UPS hopes to achieve annual revenue of between about $108 billion and $114 billion by 2026. That compares to 2023 revenue of $91 billion.
Source Fool.com
United Parcel Service Inc. Stock
With 13 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
As a result the target price of 162 € shows a slightly positive potential of 17.49% compared to the current price of 137.88 € for United Parcel Service Inc..
