Fastenal (FAST) Stock Forecast & Price Target

$76.08 +1.31 (+1.75%)

As of 01/17/2025 04:00 PM Eastern

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

Reduce

Based on 11 Analyst Ratings

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

$77.27
1.57% Upside

According to the 11 analysts' twelve-month price targets for Fastenal, the average price target is $77.27. 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 1.57% from the current price of $76.08.

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FAST Analyst Ratings Over Time

Type	Current Forecast 1/21/24 to 1/20/25	1 Month Ago 12/22/23 to 12/21/24	3 Months Ago 10/23/23 to 10/22/24	1 Year Ago 1/21/23 to 1/21/24
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)	7 Hold rating(s)	4 Hold rating(s)
Sell	2 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$77.27	$77.40	$73.33	$60.86
Forecasted Upside	1.57% Upside	3.45% Upside	-4.19% Downside	-12.23% 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.

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.

Fastenal Stock vs. The Competition

Type	Fastenal	Retail/Wholesale Companies	S&P 500
Consensus Rating Score	1.91	2.51	2.52
Consensus Rating	Reduce	Moderate Buy	Moderate Buy
Predicted Upside	1.57% Upside	28.31% Upside	12.44% Upside
News Sentiment Rating	Positive News See Recent FAST News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
1/16/2025	Wolfe Research 3 of 5 stars		Boost Target	Underweight ➝ Underweight	$74.00 ➝ $76.00	+1.66%
12/11/2024	Hsbc Global Res 0 of 5 stars	W. Brooks Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Hold ➝ Moderate Sell
12/11/2024	HSBC 3 of 5 stars		Downgrade	Hold ➝ Reduce	$70.00	-12.25%
12/11/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$86.00 ➝ $86.00	+7.81%
12/6/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$74.00 ➝ $85.00	+3.96%
11/13/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Mehrotra Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Neutral ➝ Neutral	$71.00 ➝ $88.00	+4.77%
10/14/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$72.00 ➝ $76.00	-1.16%
10/14/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$67.00 ➝ $80.00	+4.14%
10/14/2024	Stephens Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$56.00 ➝ $75.00	-2.37%
10/10/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$57.00 ➝ $63.00	-10.32%
Get the Latest News and Ratings for FAST and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Fastenal and its competitors with MarketBeat's FREE daily newsletter.
10/7/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$85.00	+21.12%
4/15/2024	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ 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 Monday at 06:16 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 Sunday, January 19, 2025. Please send any questions or comments about these Fastenal pros and cons to contact@marketbeat.com.

Fastenal
Bull Case

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

Fastenal's stock price recently reached $76.08, indicating strong market performance and investor interest, which can be a positive sign for potential returns.
The company has seen a significant increase in short interest, with 12,050,000 shares short sold, suggesting that many investors believe the stock may rise, which could lead to upward price pressure.
Fastenal has a solid market capitalization of $43.59 billion, reflecting its stability and potential for growth in the industrial and construction supply sectors.
Analysts have set a consensus target price of $77.27, indicating that there is room for price appreciation based on current valuations.
With a low debt-to-equity ratio of 0.03, Fastenal demonstrates strong financial health, which can provide a cushion during economic downturns and enhance investor confidence.

Fastenal
Bear Case

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

Recent analyst downgrades, including HSBC's reduction of Fastenal's rating from "hold" to "reduce" with a price target of $70.00, may indicate a lack of confidence in the stock's near-term performance.
Insider selling has been notable, with directors selling a total of 74,660 shares worth over $6 million, which could signal that those closest to the company are not optimistic about future growth.
The stock has a relatively high PE ratio of 37.85, which may suggest that it is overvalued compared to its earnings, potentially limiting future price appreciation.
Fastenal's recent trading volume of 7,826,844 shares was significantly higher than its average volume, which could indicate volatility and uncertainty in the stock's price movements.
With a consensus rating of "Hold" from analysts, there may be limited enthusiasm for the stock, suggesting that it may not be the best choice for aggressive growth investors.

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 $77.27, 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 1.57% 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, UBS Group, 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.

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This page (NASDAQ:FAST) was last updated on 1/20/2025 by MarketBeat.com Staff

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Fastenal (FAST) Stock Forecast & Price Target