The gradual opening up of economies and vaccination programs in the U.S. has resulted in a pickup in economic activities, and this should bode well for the overall deliveries. While there are concerns over higher inflation, UPS’ management in its last quarterlyearnings conference callstated that it expects to see operating margin expansion in Q4. (3) More room for growth in UPS stock We estimate United Parcel Service’s Valuation to be $238 per share, which is 20% above its current market price of $199.