TD Cowen increased its 12-month price target on GXO Logistics Inc. (NYSE: GXO) to $69.00 from $62.00 on Thursday and maintained a Buy rating, citing the company’s recent operational performance and contracted business wins. At the time of the update, GXO shares were trading at $64.43, slightly above their 52-week high of $64.19 and reflecting a 48.15% gain over the past year.
According to TD Cowen analyst Jason Seidl, GXO’s fourth-quarter results outpaced expectations. The firm noted that the company introduced guidance for fiscal 2026 that aligns with consensus estimates and that management reaffirmed its growth trajectory despite ongoing market uncertainty.
Over the most recent twelve-month period, GXO recorded revenue growth of 12.55%. Street estimates included an expected earnings per share of $2.98 for fiscal 2026. TD Cowen’s note emphasized there is potential upside to GXO’s guidance, which currently assumes flat volumes - an assumption that, if proven conservative, could leave room for stronger outcomes.
Part of TD Cowen’s confidence stems from new business wins that the firm says lock in $775 million of additional revenue. The analyst team also pointed out that some customer churn offset portions of those gains, leaving net impacts that reflect both secured backlog and ongoing client turnover.
The increase in the price target was presented as a reflection of continued confidence in GXO’s business model and growth prospects, even as the company operates in a challenging market environment. GXO provides a suite of supply chain management services, including warehousing, distribution and fulfillment solutions for a range of industries around the world.
Additional reported results for the period show GXO’s fourth-quarter 2025 adjusted earnings per share of $0.87, above the $0.83 forecast, and revenue of $3.5 billion versus the anticipated $3.48 billion. These reported beats underline the company’s ability to exceed analyst expectations on both the top and bottom lines for the quarter.
Separately, Truist Securities also raised its price target on GXO to $70 from $65 and left its rating at Buy. Truist’s commentary highlighted that GXO’s outlook into 2026 will be increasingly dependent on execution, with growth supported by secured business wins and the potential for margin improvement through productivity and integration delivery.
Together, the analyst actions and quarterly beats convey a favorable read among market watchers on GXO’s near-term trajectory, while also flagging execution and volume assumptions as important variables to monitor as the company progresses through fiscal 2026.