Fastenal (FAST) Stock Forecast & Price Target

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$74.79 +1.11 (+1.51%)
Closing price 04:00 PM Eastern
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$74.83 +0.04 (+0.06%)
As of 07:22 PM Eastern
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Fastenal - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
2
Hold
8
Buy
1

Based on 11 Wall Street analysts who have issued ratings for Fastenal in the last 12 months, the stock has a consensus rating of "Reduce." Out of the 11 analysts, 2 have given a sell rating, 8 have given a hold rating, and 1 has given a buy rating for FAST.

Consensus Price Target

$76.91
2.83% Upside
According to the 11 analysts' twelve-month price targets for Fastenal, the average price target is $76.91. The highest price target for FAST is $88.00, while the lowest price target for FAST is $63.00. The average price target represents a forecasted upside of 2.83% from the current price of $74.79.
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FAST Analyst Ratings Over Time

TypeCurrent Forecast
2/14/24 to 2/13/25
1 Month Ago
1/15/24 to 1/14/25
3 Months Ago
11/16/23 to 11/15/24
1 Year Ago
2/14/23 to 2/14/24
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
1 Buy rating(s)
1 Buy rating(s)
2 Buy rating(s)
1 Buy rating(s)
Hold
8 Hold rating(s)
8 Hold rating(s)
8 Hold rating(s)
3 Hold rating(s)
Sell
2 Sell rating(s)
1 Sell rating(s)
0 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$76.91$77.40$74.80$62.17
Forecasted Upside2.83% Upside4.96% Upside-8.61% Downside-11.36% Downside
Consensus Rating
Reduce
Hold
Hold
Hold

FAST Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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FAST Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Fastenal Stock vs. The Competition

TypeFastenalRetail/Wholesale CompaniesS&P 500
Consensus Rating Score
1.91
2.50
2.53
Consensus RatingReduceModerate BuyModerate Buy
Predicted Upside3.30% Upside27.41% Upside14.00% Upside
News Sentiment Rating
Positive News

See Recent FAST News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
1/21/2025Stifel Nicolaus
4 of 5 stars
Brian Butler
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Lower TargetHold ➝ Hold$86.00 ➝ $82.00+6.04%
1/16/2025Wolfe Research
3 of 5 stars
 Boost TargetUnderweight ➝ Underweight$74.00 ➝ $76.00+1.66%
12/11/2024Hsbc Global Res
0 of 5 stars
W. Brooks
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DowngradeHold ➝ Moderate Sell
12/11/2024HSBC
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 DowngradeHold ➝ Reduce$70.00-12.25%
12/6/2024Jefferies Financial Group
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 Boost TargetHold ➝ Hold$74.00 ➝ $85.00+3.96%
11/13/2024UBS Group
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A. Mehrotra
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Initiated CoverageNeutral ➝ Neutral$71.00 ➝ $88.00+4.77%
10/14/2024Morgan Stanley
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 Boost TargetEqual Weight ➝ Equal Weight$72.00 ➝ $76.00-1.16%
10/14/2024Robert W. Baird
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 Boost TargetNeutral ➝ Neutral$67.00 ➝ $80.00+4.14%
10/14/2024Stephens
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 Boost TargetEqual Weight ➝ Equal Weight$56.00 ➝ $75.00-2.37%
10/10/2024JPMorgan Chase & Co.
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 Boost TargetNeutral ➝ Neutral$57.00 ➝ $63.00-10.32%
10/7/2024Bank of America
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 Initiated CoverageBuy$85.00+21.12%
4/15/2024Loop Capital
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 Lower TargetHold ➝ Hold$71.00 ➝ $66.00-5.46%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 09:20 PM ET.


Should I Buy Fastenal Stock? FAST Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, February 11, 2025. Please send any questions or comments about these Fastenal pros and cons to contact@marketbeat.com.

Fastenal
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in Fastenal:

  • Fastenal recently increased its quarterly dividend from $0.39 to $0.43 per share, reflecting a commitment to returning value to shareholders. This increase represents an annualized dividend of $1.72, providing a yield of approximately 2.31%, which can be attractive for income-focused investors.
  • The company has demonstrated strong financial performance with a net margin of 15.25% and a return on equity of 32.55%, indicating efficient management and profitability. High return on equity suggests that the company is effective at generating profits from its equity investments.
  • Fastenal's stock is currently trading around $83.36, which is close to its 12-month high of $84.88, indicating strong market interest and potential for further appreciation.
  • Analysts have set optimistic price targets for Fastenal, with recent upgrades suggesting a target price as high as $88.00, indicating potential upside for investors based on market expectations.
  • The company has a low debt-to-equity ratio of 0.03, suggesting a conservative approach to leverage, which can reduce financial risk and provide stability in uncertain market conditions.

Fastenal
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in Fastenal for these reasons:

  • Fastenal reported earnings per share (EPS) of $0.46 for the latest quarter, missing the consensus estimate of $0.48. This shortfall may raise concerns about the company's ability to meet growth expectations.
  • The price-to-earnings (P/E) ratio stands at 36.98, which is relatively high compared to industry averages. A high P/E ratio may indicate that the stock is overvalued, making it a riskier investment if earnings do not grow as anticipated.
  • Despite a year-over-year revenue increase of 3.7%, the company’s revenue of $1.82 billion fell short of analysts' expectations of $1.84 billion, suggesting potential challenges in maintaining growth momentum.
  • Insider selling activity has been noted, with significant shares sold by executives, which could signal a lack of confidence in the company's short-term prospects or valuation.
  • The stock's beta of 1.02 indicates that it is slightly more volatile than the market, which could lead to larger price swings and increased risk for investors during market fluctuations.

FAST Forecast - Frequently Asked Questions

According to the research reports of 11 Wall Street equities research analysts, the average twelve-month stock price forecast for Fastenal is $76.91, with a high forecast of $88.00 and a low forecast of $63.00.

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Fastenal in the last year. There are currently 2 sell ratings, 8 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" FAST shares.

According to analysts, Fastenal's stock has a predicted upside of 2.83% based on their 12-month stock forecasts.

Over the previous 90 days, Fastenal's stock had 3 downgrades by analysts.

Fastenal has been rated by research analysts at Hsbc Global Res, HSBC, Jefferies Financial Group, Stifel Nicolaus, and Wolfe Research in the past 90 days.

Analysts like Fastenal less than other "retail/wholesale" companies. The consensus rating for Fastenal is Reduce while the average consensus rating for "retail/wholesale" companies is Moderate Buy. Learn more on how FAST compares to other companies.


This page (NASDAQ:FAST) was last updated on 2/13/2025 by MarketBeat.com Staff
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