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Goldman Sachs Upgrades GXO Logistics To Buy, Raises Target To $68
Goldman Sachs upgraded GXO Logistics Inc. (NYSE: GXO) from Neutral to Buy and raised its price target to $68 from $52, pointing to improving growth prospects after years of underperformance relative to company targets.
The firm noted GXO’s organic revenue growth between 2023 and 2025 averaged about 4% annually, well below the 8%–12% guidance range.
However, Goldman said the outlook was improving, citing recent contract wins, revenue synergies from the Wincanton acquisition, and advances in warehouse automation and robotics that should accelerate outsourcing.
The firm said these factors supported a more optimistic view on GXO’s medium-term organic growth potential.
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