FedEx stock rises 17% but is rated Hold due to overvaluation and ongoing challenges.

FedEx Corporation's stock price increased over 17% in the past quarter, outperforming the SPY index. The company is receiving expected tariff refunds, although these will be passed on to customers, and it faces ongoing legal and operational challenges. Despite Amazon's logistics growth, FedEx's core business is not significantly threatened due to limited overlap and a renewed partnership. Valuation models suggest FedEx is overvalued by 20–50%, leading to a Hold rating pending a price pullback.