This dissertation aims to provide an independent view of the future of FedEx Corporation. Despite the recent sell-off after ground margins fell short of investors' expectations, FedEx is benefiting from interesting trends across all the business segments. Those trends include the shift towards online shopping accelerated by the pandemic, a recovery in the economy around the world and the constraint of passenger capacity. Therefore, this report points towards a buy recommendation with a target price of $286.50 as of December 31st, 2021, translating into an11.4% total shareholder return over the next 12-months
