Loop Capital analyst Chris Dankert has recently maintained a "Hold" rating on Fastenal (FAST, Financial), while raising the company's price target from $40.00 to $45.00 USD. This adjustment signifies a 12.50% increase in the price target for the company.
Fastenal (FAST, Financial) continues to be under the scrutiny of market analysts with Loop Capital's updated analysis reflecting its current market position. While the rating remains unchanged at "Hold," the uplift in the price target suggests optimism in the company's potential for growth.
The updated price target, now set at $45.00 USD, indicates a favorable view from Loop Capital on Fastenal's (FAST, Financial) future financial performance, despite the maintained hold rating. This suggests investors should watch Fastenal closely as market conditions evolve.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 11 analysts, the average target price for Fastenal Co (FAST, Financial) is $35.87 with a high estimate of $43.00 and a low estimate of $17.50. The average target implies an downside of 15.86% from the current price of $42.64. More detailed estimate data can be found on the Fastenal Co (FAST) Forecast page.
Based on the consensus recommendation from 16 brokerage firms, Fastenal Co's (FAST, Financial) average brokerage recommendation is currently 2.8, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Fastenal Co (FAST, Financial) in one year is $36.06, suggesting a downside of 15.42% from the current price of $42.635. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Fastenal Co (FAST) Summary page.
