Oppenheimer Reaffirms Buy Rating on XPO Despite Q2 Profit Drop and LTL Decline

XPO, Inc. (NYSE:XPO) is one of the 13 Best Freight Stocks to Invest in Now.

Amid mixed second-quarter performance and a decline in August, analysts have reiterated the company’s Buy rating.

Oppenheimer Reaffirms Buy Rating on XPO Despite Q2 Profit Drop and LTL Decline

The company’s net income was down by 29% compared to the previous year’s same quarter, reaching $106 million in Q2 2025. The decline occurred despite the $2.08 billion revenue remaining almost parallel with the Q2 2024 revenue, suggesting that the business is becoming more expensive. The company’s North American LTL Segment declined by 2.5% in terms of year-over-year revenue. But the European Transportation Segment performed well during the quarter, reaching 4.1% growth.

On September 3, 2025, the company reported its August decline in LTL tonnage per day in its North American LTL segment by 4.7% compared to last year’s August. Despite these mixed results, Oppenheimer reiterated the Buy rating on the stock with a price target of $150 on September 4, 2025, suggesting confidence in the company’s growth prospects.

XPO, Inc. (NYSE:XPO) also benefits from the strong institutional confidence acquired from 48 hedge funds invested in the company. Its upside potential stands at 9.24%.

Based in Connecticut, XPO, Inc. (NYSE:XPO) is a leading provider of less-than-truckload (LTL) freight transportation services in North America. Spun off from its logistics business in 2022, the company focuses on technology-driven solutions to optimize its extensive network and improve operational efficiency.

While we acknowledge the risk and potential of XPO 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 XPO and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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