Argus Upgrades Old Dominion Freight Line to Buy Rating

Analysts set $220 price target on transportation company's stock

Published on Feb. 12, 2026

Argus Research has upgraded Old Dominion Freight Line (NASDAQ:ODFL) from a "hold" rating to a "buy" rating and set a $220 price target on the stock. The firm cited the transportation company's strong performance and growth potential in its research note.

Why it matters

The upgrade from Argus is a positive sign for Old Dominion Freight Line, one of the largest less-than-truckload (LTL) carriers in the United States. The new "buy" rating and higher price target suggest analysts see further upside in the stock, which could boost investor confidence and the company's valuation.

The details

In its research note, Argus praised Old Dominion Freight Line's operational efficiency and ability to gain market share. The firm noted the company's strong financial performance, with revenue and earnings growth despite the challenges of the pandemic. Argus believes Old Dominion is well-positioned to capitalize on continued growth in e-commerce and the broader freight market.

  • Argus issued the research note and rating upgrade on Thursday, February 12, 2026.

The players

Old Dominion Freight Line

A U.S.-based less-than-truckload (LTL) transportation company that provides regional, inter-regional and national freight services.

Argus

An independent research firm that provides equity research, data and analytics to institutional and individual investors.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident (San Francisco Chronicle)

The takeaway

The Argus upgrade highlights Old Dominion Freight Line's strong market position and growth potential in the LTL freight industry. As e-commerce and overall freight demand continue to rise, the company appears well-positioned to capitalize on these trends and deliver value for investors.