Fastenal Company (FAST) Stock Forecast, Price Target & Predictions


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FAST Stock Forecast


Fastenal Company stock forecast is as follows: an average price target of $63.44 (represents a -9.14% downside from FAST’s last price of $69.82) and a rating consensus of 'Hold', based on 9 wall street analysts offering a 1-year stock forecast.

FAST Price Target


The average price target for Fastenal Company (FAST) is $63.44 based on 1-year price targets from 9 Wall Street analysts in the past 3 months, with a price target range of $74.00 to $50.00. This represents a potential -9.14% downside from FAST's last price of $69.82.

FAST Analyst Ratings


Hold

According to 9 Wall Street analysts, Fastenal Company's rating consensus is 'Hold'. The analyst rating breakdown for FAST stock is 0 'Strong Buy' (0.00%), 4 'Buy' (44.44%), 5 'Hold' (55.56%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Fastenal Company Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Sep 06, 2024Christopher SnyderMorgan Stanley$72.00$65.1810.46%3.12%
Jun 06, 2024Stephen VolkmannJefferies$74.00$63.8815.84%5.99%
May 29, 2024David MantheyRobert W. Baird$67.00$64.763.46%-4.04%
Apr 15, 2024Chris DankertLoop Capital Markets$66.00$70.45-6.32%-5.47%
Apr 15, 2024Wesley BrooksHSBC$64.00$70.45-9.16%-8.34%
Apr 12, 2024Nigel CoeWolfe Research$62.00$69.97-11.39%-11.20%
Apr 12, 2024David MantheyRobert W. Baird$71.00$69.881.60%1.69%
Apr 10, 2024Wesley BrooksHSBC$59.00$75.90-22.27%-15.50%
Oct 11, 2023David MantheyRobert W. Baird$57.00$55.852.06%-18.36%
Apr 13, 2023Michael HoffmanStifel Nicolaus$61.00$52.5616.06%-12.63%
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The latest Fastenal Company stock forecast, released on Sep 06, 2024 by Christopher Snyder from Morgan Stanley, set a price target of $72.00, which represents a 10.46% increase from the stock price at the time of the forecast ($65.18), and a 3.12% increase from FAST last price ($69.82).

Fastenal Company Price Target by Period


1M3M12M
# Anlaysts119
Avg Price Target$72.00$72.00$65.78
Last Closing Price$69.82$69.82$69.82
Upside/Downside3.12%3.12%-5.79%

In the current month, the average price target of Fastenal Company stock is $72.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 3.12% increase as opposed to Fastenal Company's last price of $69.82. This month's average price target is down 0.00% compared to last quarter, and up 9.46% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Sep 06, 2024StephensBuyBuyHold
Sep 06, 2024Morgan StanleyEqual-WeightPositiveInitialise
Sep 06, 2024Morgan StanleyUnderweightEqual-WeightInitialise
Jul 15, 2024StephensBuyBuyHold
Jul 10, 2024Loop Capital MarketsHoldHoldHold
Jul 10, 2024HSBCHoldHoldHold
Jun 06, 2024JefferiesHoldHoldHold
Apr 15, 2024BMO CapitalOutperformOutperformHold
Apr 15, 2024Loop Capital MarketsHoldHoldHold
Apr 15, 2024HSBCHoldHoldHold
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Fastenal Company's last stock rating was published by Stephens on Sep 06, 2024. The company gave FAST a "Buy" rating, the same as its previous rate.

Fastenal Company Financial Forecast


Fastenal Company Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Revenue------------$1.76B-$1.88B$1.86B$1.70B$1.80B-$1.70B$1.53B$1.55B$1.51B$1.42B$1.36B$1.41B$1.51B$1.37B$1.28B$1.38B
Avg Forecast$2.11B$2.20B$2.19B$2.08B$1.97B$2.05B$2.05B$1.95B$1.84B$1.91B$1.91B$1.91B$1.75B$1.85B$1.89B$1.86B$1.68B$1.79B$1.79B$1.69B$1.51B$1.54B$1.51B$1.42B$1.34B$1.42B$1.49B$1.36B$1.29B$1.37B
High Forecast$2.14B$2.23B$2.22B$2.11B$2.00B$2.08B$2.08B$1.98B$1.87B$1.93B$1.94B$1.94B$1.76B$1.87B$1.92B$1.89B$1.71B$1.82B$1.79B$1.72B$1.54B$1.57B$1.53B$1.45B$1.37B$1.44B$1.52B$1.38B$1.31B$1.40B
Low Forecast$2.10B$2.18B$2.17B$2.07B$1.95B$2.04B$2.03B$1.93B$1.83B$1.89B$1.90B$1.90B$1.74B$1.83B$1.87B$1.85B$1.67B$1.78B$1.79B$1.67B$1.49B$1.52B$1.49B$1.40B$1.33B$1.40B$1.47B$1.34B$1.27B$1.36B
# Analysts545443435854946437534864646453
Surprise %------------1.00%-1.00%1.00%1.01%1.01%-1.01%1.01%1.01%1.00%1.00%1.01%1.00%1.01%1.01%0.99%1.01%

Fastenal Company's average Quarter revenue forecast for Mar 24 based on 4 analysts is $1.91B, with a low forecast of $1.90B, and a high forecast of $1.94B. FAST's average Quarter revenue forecast represents a 8.85% increase compared to the company's last Quarter revenue of $1.76B (Dec 23).

Fastenal Company EBITDA Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts545443435854946437534864646453
EBITDA------------$397.10M-$440.40M$438.10M$378.00M$423.50M-$402.00M$344.50M$361.30M$360.10M$322.30M$306.70M$331.30M$356.80M$310.00M$276.90M$319.30M
Avg Forecast$487.37M$506.75M$505.59M$480.45M$453.67M$473.89M$471.96M$449.79M$424.41M$440.81M$441.72M$464.80M$404.18M$426.07M$435.66M$422.55M$388.10M$387.74M$411.93M$384.13M$326.37M$352.49M$351.32M$322.30M$297.41M$322.35M$297.33M$300.88M$276.90M$310.43M
High Forecast$494.51M$514.18M$513.01M$487.49M$460.32M$480.84M$478.88M$456.38M$430.63M$445.40M$448.20M$557.76M$406.49M$432.32M$442.04M$507.06M$393.79M$465.28M$411.93M$460.96M$391.64M$422.99M$421.58M$386.76M$356.89M$386.82M$356.80M$361.06M$332.28M$372.52M
Low Forecast$483.52M$502.74M$501.60M$476.65M$450.09M$470.15M$468.24M$446.24M$421.05M$436.22M$438.23M$371.84M$401.87M$422.71M$432.21M$338.04M$385.04M$310.19M$411.93M$307.31M$261.09M$281.99M$281.05M$257.84M$237.92M$257.88M$237.87M$240.71M$221.52M$248.34M
Surprise %------------0.98%-1.01%1.04%0.97%1.09%-1.05%1.06%1.03%1.03%1.00%1.03%1.03%1.20%1.03%1.00%1.03%

4 analysts predict FAST's average Quarter EBITDA for Mar 24 to be $464.80M, with a high of $557.76M and a low of $371.84M. This is 17.05% upper than Fastenal Company's previous annual EBITDA (Dec 23) of $397.10M.

Fastenal Company Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts545443435854946437534864646453
Net Income------------$266.40M-$298.00M$295.10M$245.60M$284.60M-$269.60M$231.20M$243.50M$239.70M$210.60M$196.10M$221.50M$238.90M$202.60M$178.70M$213.50M
Avg Forecast$318.63M$341.60M$338.73M$312.89M$294.44M$317.40M$314.12M$298.54M$277.14M$294.86M$292.33M$311.72M$259.11M$288.16M$302.32M$283.38M$241.95M$261.32M$286.61M$257.62M$219.03M$237.56M$233.85M$210.60M$190.16M$215.51M$199.08M$196.64M$178.70M$207.57M
High Forecast$324.71M$348.11M$345.18M$318.86M$300.05M$323.46M$320.11M$304.23M$282.42M$300.48M$297.90M$374.06M$264.87M$293.65M$308.08M$340.06M$246.56M$313.58M$286.61M$309.14M$262.84M$285.07M$280.62M$252.72M$228.19M$258.62M$238.90M$235.97M$214.44M$249.08M
Low Forecast$315.36M$338.09M$335.25M$309.68M$291.41M$314.14M$310.89M$295.47M$274.29M$289.19M$289.32M$249.37M$256.45M$285.20M$299.21M$226.70M$239.47M$209.05M$286.61M$206.09M$175.23M$190.05M$187.08M$168.48M$152.13M$172.41M$159.27M$157.31M$142.96M$166.06M
Surprise %------------1.03%-0.99%1.04%1.02%1.09%-1.05%1.06%1.03%1.03%1.00%1.03%1.03%1.20%1.03%1.00%1.03%

Fastenal Company's average Quarter net income forecast for Mar 24 is $311.72M, with a range of $249.37M to $374.06M. FAST's average Quarter net income forecast represents a 17.01% increase compared to the company's last Quarter net income of $266.40M (Dec 23).

Fastenal Company SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts545443435854946437534864646453
SG&A------------$445.50M-$462.60M$456.80M-$447.30M-$435.30M$412.00M$401.80M$382.90M$363.10M$354.70M$351.50M$355.30M$365.90M$359.90M$369.20M
Avg Forecast$534.11M$555.34M$554.08M$526.52M$497.18M$519.34M$517.23M$492.93M$465.11M$483.08M$484.08M$503.30M$442.94M$466.93M$477.44M$457.55M$425.32M$431.20M$451.43M$415.95M$390.32M$392.00M$373.56M$363.10M$343.95M$342.00M$296.08M$355.14M$359.90M$358.94M
High Forecast$541.94M$563.48M$562.20M$534.24M$504.47M$526.95M$524.81M$500.15M$471.93M$488.11M$491.18M$603.96M$445.48M$473.78M$484.43M$549.06M$431.55M$517.44M$451.43M$499.14M$468.38M$470.40M$448.27M$435.72M$412.74M$410.40M$355.30M$426.17M$431.88M$430.73M
Low Forecast$529.89M$550.96M$549.70M$522.36M$493.25M$515.23M$513.14M$489.03M$461.43M$478.05M$480.26M$402.64M$440.41M$463.24M$473.66M$366.04M$421.96M$344.96M$451.43M$332.76M$312.25M$313.60M$298.85M$290.48M$275.16M$273.60M$236.87M$284.11M$287.92M$287.16M
Surprise %------------1.01%-0.97%1.00%-1.04%-1.05%1.06%1.02%1.03%1.00%1.03%1.03%1.20%1.03%1.00%1.03%

Fastenal Company's average Quarter SG&A projection for Mar 24 is $503.30M, based on 4 Wall Street analysts, with a range of $402.64M to $603.96M. The forecast indicates a 12.97% rise compared to FAST last annual SG&A of $445.50M (Dec 23).

Fastenal Company EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts545443435854946437534864646453
EPS------------$0.47-$0.52$0.52$0.43$0.50-$0.47$0.40$0.42$0.42$0.37$0.34$0.39$0.42$0.35$0.31$0.37
Avg Forecast$0.56$0.59$0.59$0.55$0.51$0.55$0.55$0.52$0.48$0.51$0.51$0.53$0.45$0.50$0.53$0.51$0.42$0.48$0.50$0.45$0.38$0.42$0.41$0.37$0.33$0.37$0.37$0.34$0.31$0.35
High Forecast$0.57$0.61$0.60$0.56$0.52$0.56$0.56$0.53$0.49$0.52$0.52$0.54$0.46$0.51$0.54$0.51$0.43$0.49$0.50$0.46$0.39$0.43$0.42$0.37$0.34$0.38$0.37$0.35$0.32$0.36
Low Forecast$0.55$0.59$0.58$0.54$0.51$0.55$0.54$0.51$0.48$0.50$0.50$0.52$0.45$0.50$0.52$0.50$0.42$0.48$0.50$0.44$0.37$0.41$0.41$0.36$0.33$0.37$0.36$0.34$0.31$0.35
Surprise %------------1.04%-0.99%1.03%1.02%1.03%-1.05%1.06%1.01%1.02%1.01%1.02%1.04%1.15%1.02%0.99%1.04%

According to 4 Wall Street analysts, Fastenal Company's projected average Quarter EPS for Mar 24 is $0.53, with a low estimate of $0.52 and a high estimate of $0.54. This represents a 12.81% increase compared to FAST previous annual EPS of $0.47 (Dec 23).

Fastenal Company Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
MSMMSC Industrial Direct$79.48$105.7133.00%Buy
CNMCore & Main$40.83$49.6021.48%Buy
SITESiteOne Landscape Supply$141.04$151.717.57%Hold
AITApplied Industrial$203.98$218.337.04%Buy
FERGFerguson$193.07$206.006.70%Buy
POOLPool$356.02$325.20-8.66%Buy
FASTFastenal Company$69.82$63.44-9.14%Hold
WSOWatsco$476.71$370.00-22.38%Hold
GWWW.W. Grainger$993.82$760.25-23.50%Buy

FAST Forecast FAQ


No, according to 9 Wall Street analysts, Fastenal Company (FAST) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 4 'Buy' recommendations, accounting for 44.44% of FAST's total ratings.

Fastenal Company (FAST) average price target is $63.44 with a range of $50 to $74, implying a -9.14% from its last price of $69.82. The data is based on 9 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for FAST stock, the company can go down by -9.14% (from the last price of $69.82 to the average price target of $63.44), up by 5.99% based on the highest stock price target, and down by -28.39% based on the lowest stock price target.

FAST's average twelve months analyst stock price target of $63.44 does not support the claim that Fastenal Company can reach $100 in the near future.

1 Wall Street analyst forecast a $72 price target for Fastenal Company (FAST) this month, up 3.12% from its last price of $69.82. Compared to the last 3 and 12 months, the average price target increased by 3.12% and decreased by -5.79%, respectively.

Fastenal Company's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $8.02B (high $8.13B, low $7.95B), average EBITDA is $1.85B (high $1.88B, low $1.83B), average net income is $1.22B (high $1.25B, low $1.21B), average SG&A $2.03B (high $2.06B, low $2.01B), and average EPS is $2.13 (high $2.17, low $2.11). FAST's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $8.58B (high $8.71B, low $8.52B), average EBITDA is $1.98B (high $2.01B, low $1.96B), average net income is $1.31B (high $1.34B, low $1.3B), average SG&A $2.17B (high $2.2B, low $2.15B), and average EPS is $2.28 (high $2.33, low $2.26).

Based on Fastenal Company's last annual report (Dec 2023), the company's revenue was $7.35B, which missed the average analysts forecast of $7.35B by -0.07%. Apple's EBITDA was $1.71B, beating the average prediction of $1.69B by 1.04%. The company's net income was $1.16B, beating the average estimation of $1.13B by 1.94%. Apple's SG&A was $1.83B, missing the average forecast of $1.84B by -1.03%. Lastly, the company's EPS was $2.02, beating the average prediction of $1.98 by 1.77%. In terms of the last quarterly report (Dec 2023), Fastenal Company's revenue was $1.76B, beating the average analysts' forecast of $1.75B by 0.38%. The company's EBITDA was $397.1M, missing the average prediction of $404.18M by -1.75%. Fastenal Company's net income was $266.4M, beating the average estimation of $259.11M by 2.81%. The company's SG&A was $445.5M, beating the average forecast of $442.94M by 0.58%. Lastly, the company's EPS was $0.47, beating the average prediction of $0.451 by 4.14%