---
title: "BMO starts RXO at outperform with $35 target, citing tighter truckload market"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/292624451.md"
description: "BMO Capital Markets initiated coverage of RXO with an 'outperform' rating and a $35 price target, citing a tightening truckload market. Analyst Fadi Chamoun highlighted an 80% year-to-date increase in truckload brokerage volumes and improved productivity. BMO forecasts peak adjusted EBITDA of $600 million by end-2028, significantly exceeding consensus estimates. The stock has risen 114% in 2026."
datetime: "2026-07-14T12:16:44.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/292624451.md)
  - [en](https://longbridge.com/en/news/292624451.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/292624451.md)
generator: "portal-rs"
---

# BMO starts RXO at outperform with $35 target, citing tighter truckload market

According to CNBC, BMO Capital Markets initiated coverage of RXO at outperform and set a $35 price target, implying 29% upside from Monday’s close, as it expects a tightening truckload market to lift the transportation and technology firm’s earnings. Analyst Fadi Chamoun said RXO’s truckload brokerage volumes are up about 80% this year and productivity has improved roughly 40% on a two-year stack, and he expects the company to reach about $600 million in peak adjusted EBITDA by the end of 2028, more than double the $292 million consensus forecast. RXO is slated to report second-quarter earnings in early August, and shares have risen 114% in 2026; LSEG data shows 11 of 18 analysts rate the stock hold.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**