Old Dominion (ODFL) Climbs 9.89% as Morgan Stanley Hikes PT

We recently published 10 Stocks With Monster Gains. Old Dominion Freight Line Inc. (NASDAQ:ODFL) was one of the top performers on Wednesday.

Old Dominion extended its winning streak to a fourth consecutive day on Wednesday, jumping 9.89 percent to close at $208.54 apiece after receiving a 10 percent price target upgrade for its stock despite a dismal earnings performance last year.

In its market report, Morgan Stanley raised its price target to $209 from $190 previously, while keeping its “overweight” recommendation.

This followed Old Dominion Freight Line Inc.’s (NASDAQ:ODFL) disappointing earnings performance for both the full year and fourth quarter of 2025, amid a challenging market environment.

Copyright: ahavelaar / 123RF Stock Photo

In the full-year period, the company said that net income fell by 13.7 percent to $1.02 billion from $1.186 billion in 2024, while net revenues decreased by 5.5 percent to $5.5 billion from $5.8 billion in the same quarter a year earlier.

For the fourth quarter alone, the company said net income dropped by 12.8 percent to $229.47 million from $263.14 million in the same period last year. Total revenues dipped by 5.7 percent to $1.3 billion from $1.38 billion year-on-year, dragged by a 10.7 percent decline in less-than-truckload (LTL) tons per day.

Despite weak results, Old Dominion Freight Line Inc. (NASDAQ:ODFL) announced a 3.6 percent increase in its quarterly dividends this year to $0.29 per share owned. The first round is set to be paid on March 18 to all common shareholders as of March 4.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.