(3) FDX stock is undervalued We estimate FedEx’s Valuation to be $235 per share, which is a significant 35% above its current market price of $173. That said, there are near-term headwinds with fears of a recession in 2023, high inflation and rising interest rates, and a strengthening dollar, which is likely to weigh on the overall earnings for FedEx in the near term. With inflation rising and the Fed raising interest rates, among other factors, FedEx stock has fallen 33% this year.