01:15 AM EDT, 05/13/2026 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We raise our 12-month target price by $19 to $165, valuing EXPD shares at 24x our 2027 EPS estimate of $6.85 (up by $0.31) and at 25x our 2026 EPS estimate of $6.65 (up by $0.54). Our target multiples compare to EXPD's one-year average forward multiple of 24x. EXPD delivered strong Q1 results, with EPS of $1.71 vs. $1.47 in the prior year, beating our $1.37 estimate and the $1.33 consensus forecast. Revenue rose 4% to $2.7B from $2.67B, exceeding our $2.59B forecast as Airfreight and Customs strength offset Ocean weakness. Segment performance was mixed, with Airfreight revenue surging 14% to $1.03B on favorable pricing, while Ocean revenue plummeted 23% to $599M due to capacity oversupply pressuring both pricing and volumes. Management expects global capacity oversupply to persist in the near term despite maintaining Ocean profitability. Customs/Other revenue jumped 17% to $1.15B, with double-digit growth across all products, led by hyperscaler and high-value technology customer demand plus tariff complexity.