Susquehanna Upgrades RXO to Neutral and Lowers Price Target to $19

Susquehanna upgraded RXO from Negative to Neutral and lowered its price target from $20 to $19, signaling a more cautious outlook. Other analysts’ views remain mixed, though the consensus rating is Hold. RXO’s latest quarterly results topped estimates, reporting earnings per share of $0.06 and revenue of $1.77 billion, with revenue up 25% year over year.
Analyst price targets varied considerably: BMO Capital Markets set a $35 target with an Outperform rating, while Citizens JMP assigned a $30 target and upgraded RXO to Outperform.
RXO reported a negative return on equity of 0.98% and a negative net margin of 1.72% for the quarter.
RXO shares had fallen 12.20% over the month to August 21, 2026, although they rose 1.12% during the week to September 15.
RXO operates an asset-light freight brokerage business, connecting shippers with independent carriers through a technology platform, with services including managed transportation and last-mile delivery.
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