Why UPS Stock Disappointed Investors Last Year (and Why It Could Come Back in 2024)
Shares in (NYSE: UPS) declined by slightly more than 9.5% in 2023, according to data provided by S&P Global Market Intelligence. The move contrasts sharply with the 46% gain of its rival, FedEx, over the same period. What went so badly wrong for UPS in 2023, and where is it heading in 2024?
First, there's a difference between something working against a company and something working against its stock. It's a subtle but telling differentiation. In this case, it relates to investors' expectations for UPS going into 2023. The company was coming off of a 2022 when it had already hit the 2023 targets laid out at its investor day in June 2021.
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Source Fool.com
United Parcel Service Inc. Stock
€136.12
-0.340%
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 19.01% compared to the current price of 136.12 € for United Parcel Service Inc..
