On May 27, 2025, JP Morgan analyst Patrick Baumann announced an update regarding Fastenal (FAST, Financial), maintaining a 'Neutral' rating on the stock. This decision reflects JP Morgan's ongoing outlook on the company's performance in the market.
In addition to the maintained rating, JP Morgan raised Fastenal's (FAST, Financial) price target from $36.00 to $38.00. This adjustment represents a 5.56% increase from the previous target, indicating an optimistic view of the company's future financial performance.
Fastenal (FAST, Financial), traded on NASDAQ, remains a focal point for investors due to its significant presence in the industrial and construction supplies sector. The updated price target and consistent rating by a notable financial institution like JP Morgan could influence investor sentiment and trading activity.
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 $35.47 with a high estimate of $43.00 and a low estimate of $17.50. The average target implies an downside of 14.58% from the current price of $41.52. 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 $35.55, suggesting a downside of 14.38% from the current price of $41.52. 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.
