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Fastenal Co has a consensus price target of $68.69 based on the ratings of 16 analysts. The high is $88 issued by UBS on November 13, 2024. The low is $42 issued by Morgan Stanley on January 6, 2023. The 3 most-recent analyst ratings were released by UBS, Morgan Stanley, and JP Morgan on November 13, 2024, October 14, 2024, and October 14, 2024, respectively. With an average price target of $78.67 between UBS, Morgan Stanley, and JP Morgan, there's an implied -5.31% downside for Fastenal Co from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Fastenal (NASDAQ:FAST) was reported by UBS on November 13, 2024. The analyst firm set a price target for $88.00 expecting FAST to rise to within 12 months (a possible 5.92% upside). 19 analyst firms have reported ratings in the last year.
The latest analyst rating for Fastenal (NASDAQ:FAST) was provided by UBS, and Fastenal their neutral rating.
The last upgrade for Fastenal Co happened on March 8, 2022 when Wells Fargo raised their price target to $58. Wells Fargo previously had an underweight for Fastenal Co.
The last downgrade for Fastenal Co happened on July 14, 2022 when Baird changed their price target from N/A to $48 for Fastenal Co.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Fastenal, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Fastenal was filed on November 13, 2024 so you should expect the next rating to be made available sometime around November 13, 2025.
While ratings are subjective and will change, the latest Fastenal (FAST) rating was a with a price target of $71.00 to $88.00. The current price Fastenal (FAST) is trading at is $83.08, which is within the analyst’s predicted range.
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