Wall Street's Outlook on Fastenal Stock: Bullish or Bearish?
Fastenal Company (FAST), a leading wholesale distributor of industrial and construction supplies, is currently under a broad "Hold" consensus rating, with an average price target of about $46.36. However, recent analyst upgrades and strong quarterly performance have pushed some individual price targets near $49.
Over the past 52 weeks, Fastenal's stock has outpaced the Industrial Select Sector SPDR Fund's return of 22.8%, surging 46.4%, while the S&P 500 Index has rallied 20.3%. On Jul. 14, shares of Fastenal climbed 4.2% after reporting Q2 2025 EPS of $0.29 and revenue of $2.1 billion, exceeding forecasts.
The average consensus rating remains "Hold" based on 12 brokerages, with price targets ranging roughly between $40 and $49. Some of the analysts, such as BofA Securities and Baird, have raised their price targets to $49.00 and upgraded ratings to "Buy" or "Outperform" based on solid revenue and earnings results and strong sales growth of 9.8% year over year.
Despite this optimism, some large institutional investors have been selling shares, which has raised governance concerns despite positive fundamentals. However, Zacks has upgraded Fastenal to a #2 "Buy" rank due to steady upward revisions in earnings estimates, signaling potential for near-term gains.
Fastenal offers a wide range of products, including fasteners, tools, safety equipment, and other supplies. Higher demand for safety supplies drove the beat in Q2 2025 earnings. The company serves industries such as manufacturing, construction, government, and energy.
On a YTD basis, shares of Fastenal are up 33.7%, compared to SPX's 9.3% gain. The Street-high price target of $55 implies a potential upside of 14.3% from the current price levels. It's important to note that all information and data in this article are solely for informational purposes.
For more information, please view the article's Disclosure Policy here. Fastenal Company has a market cap of $54.9 billion. Loop Capital maintains a "Hold" rating on Fastenal and has raised its price target to $47. The current analyst consensus for Fastenal stock among 14 analysts covering it is a "Moderate Buy." Non-fastener product sales rose 9.5% in Q2 2025, while the fastener segment lagged due to sluggish industrial production.
In summary, the stock is currently viewed with cautious optimism, holding a broad "Hold" consensus around $46.36 but with some analyst optimism pushing targets near $49, driven by strong recent quarterly performance and improved margins.
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