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Fastenal
FASTNASDAQ
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Fastenal (NASDAQ:FAST) Stock, Analyst Ratings, Price Targets, Forecasts
Fastenal Co has a consensus price target of $61.83 based on the ratings of 12 analysts. The high is $85 issued by Stifel on March 18, 2024. The low is $42 issued by Morgan Stanley on January 6, 2023. The 3 most-recent analyst ratings were released by Stifel, Stephens & Co., and Jefferies on July 15, 2024, July 15, 2024, and July 11, 2024, respectively. With an average price target of $67 between Stifel, Stephens & Co., and Jefferies, there's an implied -1.87% downside for Fastenal Co from these most-recent analyst ratings.
Analyst Firms Making Recommendations1
Stifel
Stephens & Co.
Jefferies
Baird
Loop Capital
1calculated from analyst ratings
Analyst Ratings for Fastenal
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 07/15/2024 | Buy Now | 17.16% | Stifel | Brian Butler | $85 → $80 | Reiterates | Buy → Buy | Get Alert |
| 07/15/2024 | Buy Now | -17.98% | Stephens & Co. | Tommy Moll | $56 → $56 | Reiterates | Equal-Weight → Equal-Weight | Get Alert |
| 07/11/2024 | Buy Now | -4.8% | Jefferies | Stephen Volkmann | $74 → $65 | Maintains | Hold | Get Alert |
| 05/07/2024 | Buy Now | 1.05% | Baird | David Manthey | $71 → $69 | Maintains | Neutral | Get Alert |
| 04/15/2024 | Buy Now | -3.34% | Loop Capital | Chris Dankert | $71 → $66 | Maintains | Hold | Get Alert |
| 04/15/2024 | Buy Now | -6.27% | HSBC | Wesley Brooks | $59 → $64 | Maintains | Hold | Get Alert |
| 04/12/2024 | Buy Now | 3.98% | Baird | David Manthey | $77 → $71 | Maintains | Neutral | Get Alert |
| 03/18/2024 | Buy Now | 24.49% | Stifel | Michael Hoffman | $75 → $85 | Maintains | Buy | Get Alert |
| 03/07/2024 | Buy Now | 12.77% | Baird | David Manthey | $74 → $77 | Maintains | Neutral | Get Alert |
| 01/19/2024 | Buy Now | 6.91% | Baird | David Manthey | $62 → $73 | Maintains | Neutral | Get Alert |
| 01/19/2024 | Buy Now | 9.84% | Stifel | Michael Hoffman | $69 → $75 | Maintains | Buy | Get Alert |
| 10/13/2023 | Buy Now | -3.34% | Stifel | Michael Hoffman | $61 → $66 | Maintains | Buy | Get Alert |
| 09/15/2023 | Buy Now | -13.59% | HSBC | Wesley Brooks | → $59 | Initiates | → Hold | Get Alert |
| 07/12/2023 | Buy Now | -26.77% | Morgan Stanley | Betsy Graseck | $46 → $50 | Maintains | Underweight | Get Alert |
| 04/14/2023 | Buy Now | -16.52% | Baird | David Manthey | $56 → $57 | Maintains | Neutral | Get Alert |
| 04/05/2023 | Buy Now | -32.63% | Morgan Stanley | Betsy Graseck | $42 → $46 | Maintains | Underweight | Get Alert |
| 04/04/2023 | Buy Now | -10.66% | Stifel | Michael Hoffman | → $61 | Initiates | → Buy | Get Alert |
| 01/23/2023 | Buy Now | -22.38% | Loop Capital | Chris Dankert | $54 → $53 | Maintains | Hold | Get Alert |
| 01/06/2023 | Buy Now | -38.49% | Morgan Stanley | Joshua Pokrzywinski | $43 → $42 | Maintains | Underweight | Get Alert |
| 10/17/2022 | Buy Now | -26.77% | Jefferies | Stephen Volkmann | → $50 | Assumes | → Hold | Get Alert |
| 10/14/2022 | Buy Now | -37.02% | Morgan Stanley | Joshua Pokrzywinski | $42 → $43 | Maintains | Underweight | Get Alert |
| 07/15/2022 | Buy Now | -19.45% | Argus Research | John Eade | $66 → $55 | Maintains | Buy | Get Alert |
| 07/14/2022 | Buy Now | -38.49% | Morgan Stanley | Joshua Pokrzywinski | $48 → $42 | Maintains | Underweight | Get Alert |
| 07/14/2022 | Buy Now | -26.77% | UBS | Chris Snyder | $62 → $50 | Maintains | Neutral | Get Alert |
| 07/14/2022 | Buy Now | -29.7% | Baird | David Manthey | → $48 | Downgrade | Outperform → Neutral | Get Alert |
| 05/31/2022 | Buy Now | -29.7% | Morgan Stanley | Joshua Pokrzywinski | $56 → $48 | Maintains | Underweight | Get Alert |
| 04/14/2022 | Buy Now | -17.98% | Morgan Stanley | Joshua Pokrzywinski | $53 → $56 | Maintains | Underweight | Get Alert |
| 04/14/2022 | Buy Now | -12.13% | Wells Fargo | Michael Mcginn | $58 → $60 | Maintains | Equal-Weight | Get Alert |
| 04/07/2022 | Buy Now | -22.38% | Morgan Stanley | Joshua Pokrzywinski | $54 → $53 | Maintains | Underweight | Get Alert |
| 03/08/2022 | Buy Now | -15.06% | Wells Fargo | Michael Mcginn | → $58 | Upgrade | Underweight → Equal-Weight | Get Alert |
| 01/20/2022 | Buy Now | -20.91% | Morgan Stanley | Joshua Pokrzywinski | $53 → $54 | Maintains | Underweight | Get Alert |
| 01/14/2022 | Buy Now | -22.38% | Morgan Stanley | Joshua Pokrzywinski | $48 → $53 | Maintains | Underweight | Get Alert |
| 10/08/2021 | Buy Now | -34.09% | Wells Fargo | Michael Mcginn | — | Downgrade | Equal-Weight → Underweight | Get Alert |
| 08/03/2021 | Buy Now | -23.84% | Loop Capital | Chris Dankert | — | Initiates | → Hold | Get Alert |
FAQ
What is the target price for Fastenal (FAST) stock?
The latest price target for Fastenal (NASDAQ:FAST) was reported by Stifel on July 15, 2024. The analyst firm set a price target for $80.00 expecting FAST to rise to within 12 months (a possible 17.16% upside). 13 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Fastenal (FAST)?
The latest analyst rating for Fastenal (NASDAQ:FAST) was provided by Stifel, and Fastenal reiterated their buy rating.
When was the last upgrade for Fastenal (FAST)?
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.
When was the last downgrade for Fastenal (FAST)?
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.
When is the next analyst rating going to be posted or updated for Fastenal (FAST)?
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 July 15, 2024 so you should expect the next rating to be made available sometime around July 15, 2025.
Is the Analyst Rating Fastenal (FAST) correct?
While ratings are subjective and will change, the latest Fastenal (FAST) rating was a reiterated with a price target of $85.00 to $80.00. The current price Fastenal (FAST) is trading at is $68.28, which is out of the analyst’s predicted range.
Browse analyst ratings and price targets on all stocks.