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.

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.

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