On July 15, 2025, JP Morgan analyst Patrick Baumann announced that the investment firm has maintained its "Neutral" rating for Fastenal (FAST, Financial). Despite holding the previous rating, the firm has raised the price target from $38.00 to $41.00. This adjustment signifies a 7.89% increase in the anticipated value of the stock.
The updated price target indicates JP Morgan's expectation for Fastenal's stock performance over the near term. Investors should note that the rating remains unchanged, while the positive adjustment in price target reflects a cautiously optimistic outlook on Fastenal's market trajectory.
Fastenal (FAST, Financial), a major player in the industrial supply sector, continues to be monitored closely by market analysts for its operational performance and growth prospects. The firm's products and services are essential across various industries, which contributes to its potential for stable financial performance.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 12 analysts, the average target price for Fastenal Co (FAST, Financial) is $38.50 with a high estimate of $47.00 and a low estimate of $17.50. The average target implies an downside of 15.14% from the current price of $45.37. 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 20.52% from the current price of $45.37. 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.
