Jim Cramer Reveals Why FedEx Freight Holding Company, Inc. (FDXF) Might Go Higher

We recently published Jim Cramer Discussed These 22 Stocks Including A Hidden Oil & Energy Play. FedEx Freight Holding Company, Inc. (NYSE:FDXF) is one of the stocks discussed by Jim Cramer.

FedEx Freight Holding Company, Inc. (NYSE:FDXF) is a new listing on the stock market. It is the freight business spinoff of the logistics giant FedEx. Cramer discussed the spinoff several times before the shares were listed for trading. In all of his remarks, the CNBC TV host was enthusiastic about the deal. After the spinoff, he commented on it extensively in Mad Money. Bank of America discussed FedEx Freight Holding Company, Inc. (NYSE:FDXF)’s shares on June 26th. It raised the price target to $187 from $185 and kept a Buy rating. BofA raised the freight company’s 2027 earnings per share estimate to $5.41. Cramer tweeted about FedEx Freight Holding Company, Inc. (NYSE:FDXF) and expressed optimism about the coming days:

“I think that Fedex Freight has finally shaken off the spinoff blues and is ready to roll… FDXF”

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In his Mad Money appearance on July 8th, Cramer remarked:

“My thesis is much more simple and much longer term. FedEx Freight is instantly the largest player in the less-than-truckload market, which is an attractive one as the freight business comes out of a multi-year bear market with much less capacity, kind of what happened to the airlines. I think FedEx Freight also benefits from being an independent company with dedicated management that can think solely about how to improve service and grow the business rather than being buried within a larger entity where its profitability was not a priority. That’s why I want to own this one for the long haul.”

While we acknowledge the risk and potential of FDXF as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than FDXF and that has 10,000% upside potential, check out our report about the cheapest AI stock.

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