​

Fastenal (FAST) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

FAST Stock Forecast

Fastenal stock forecast is as follows: an average price target of $77.80 (represents a 5.02% upside from FAST’s last price of $74.08) and a rating consensus of 'Hold', based on 11 wall street analysts offering a 1-year stock forecast.

FAST Price Target

The average price target for Fastenal (FAST) is $77.80 based on 1-year price targets from 11 Wall Street analysts in the past 3 months, with a price target range of $86.00 to $72.00. This represents a potential 5.02% upside from FAST's last price of $74.08.

FAST Analyst Ratings

Hold

According to 11 Wall Street analysts, Fastenal's rating consensus is 'Hold'. The analyst rating breakdown for FAST stock is 0 'Strong Buy' (0.00%), 2 'Buy' (18.18%), 8 'Hold' (72.73%), 1 'Sell' (9.09%), and 0 'Strong Sell' (0.00%).

Fastenal Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 14, 2024Christopher SnyderMorgan Stanley$76.00$77.16-1.50%2.59%
Oct 14, 2024Chris DankertLoop Capital Markets$72.00$76.82-6.27%-2.81%
Oct 14, 2024Brian ButlerStifel Nicolaus$86.00$76.8211.95%16.09%
Oct 14, 2024David MantheyRobert W. Baird$80.00$76.824.14%7.99%
Oct 14, 2024Tommy MollStephens$75.00$76.82-2.37%1.24%
Oct 10, 2024Tommy MollStephens$56.00$70.55-20.62%-24.41%
Sep 06, 2024Christopher SnyderMorgan Stanley$72.00$65.1810.46%-2.81%
Jun 06, 2024Stephen VolkmannJefferies$74.00$63.8815.84%-0.11%
May 29, 2024David MantheyRobert W. Baird$67.00$64.763.46%-9.56%
Apr 15, 2024Chris DankertLoop Capital Markets$66.00$70.45-6.32%-10.91%
Apr 15, 2024Wesley BrooksHSBC$64.00$70.45-9.16%-13.61%
Apr 12, 2024Nigel CoeWolfe Research$62.00$69.97-11.39%-16.31%
Apr 12, 2024David MantheyRobert W. Baird$71.00$69.881.60%-4.16%
Apr 10, 2024Wesley BrooksHSBC$59.00$75.90-22.27%-20.36%
Oct 11, 2023David MantheyRobert W. Baird$57.00$55.852.06%-23.06%
Apr 13, 2023John EadeArgus Research$55.00$52.564.64%-25.76%
Apr 13, 2023Stephen VolkmannJefferies$50.00$52.56-4.87%-32.51%
Apr 13, 2023Michael HoffmanStifel Nicolaus$61.00$52.5616.06%-17.66%
Jul 26, 2022Chris SnyderUBS$50.00$48.303.52%-32.51%
Jul 14, 2022David MantheyRobert W. Baird$48.00$47.331.43%-35.21%

The latest Fastenal stock forecast, released on Oct 14, 2024 by Christopher Snyder from Morgan Stanley, set a price target of $76.00, which represents a -1.50% decrease from the stock price at the time of the forecast ($77.16), and a 2.59% increase from FAST last price ($74.08).

Fastenal Price Target by Period

1M3M12M
# Anlaysts--14
Avg Price Target--$70.00
Last Closing Price$74.08$74.08$74.08
Upside/Downside-100.00%-100.00%-5.51%

In the current month, the average price target of Fastenal stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Fastenal's last price of $74.08. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Dec 11, 2024HSBCHoldReduceDowngrade
Oct 14, 2024Morgan StanleyEqual-WeightEqual-WeightHold
Oct 14, 2024Piper SandlerNeutralNeutralHold
Oct 14, 2024KeyBancSector WeightSector WeightHold
Oct 10, 2024StephensEqual-WeightEqual-WeightHold
Oct 10, 2024Loop Capital MarketsHoldHoldHold
Oct 10, 2024JefferiesHoldHoldHold
Oct 10, 2024Morgan StanleyPositiveEqual-WeightInitialise
Oct 07, 2024StephensBuyBuyHold
Sep 06, 2024StephensBuyBuyHold
Sep 06, 2024Morgan StanleyEqual-WeightPositiveInitialise
Sep 06, 2024Morgan StanleyUnderweightEqual-WeightInitialise
Jul 15, 2024StephensBuyBuyHold
Jul 10, 2024HSBCHoldHoldHold
Jul 10, 2024Loop Capital MarketsHoldHoldHold
Jun 06, 2024JefferiesHoldHoldHold
Apr 15, 2024BMO CapitalOutperformOutperformHold
Apr 15, 2024Loop Capital MarketsHoldHoldHold
Apr 15, 2024HSBCHoldHoldHold
Apr 12, 2024BNP ParibasNeutralNeutralHold
Apr 12, 2024Wolfe ResearchUnderperformUnderperformHold
Oct 11, 2023Morgan StanleyUnderweightUnderweightHold
Oct 11, 2023Loop Capital MarketsHoldHoldHold
Apr 13, 2023Morgan StanleyUnderweightUnderweightHold
Apr 13, 2023Argus ResearchBuyBuyHold
Apr 13, 2023Loop Capital MarketsHoldHoldHold
Jul 26, 2022UBSNeutralNeutralHold

Fastenal's last stock rating was published by HSBC on Dec 11, 2024. The company Downgrade its FAST rating from "Hold" to "Reduce".

Fastenal Financial Forecast

Fastenal Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Revenue------------$1.76B-$1.88B$1.86B$1.70B$1.80B$1.78B$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$2.21B$2.21B$2.10B$1.99B$2.07B$2.05B$1.94B$1.84B$1.90B$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$2.25B$2.24B$2.13B$2.02B$2.10B$2.09B$1.98B$1.86B$1.91B$1.91B$1.91B$1.76B$1.88B$1.92B$1.89B$1.71B$1.83B$1.82B$1.73B$1.54B$1.57B$1.54B$1.45B$1.37B$1.44B$1.52B$1.38B$1.31B$1.40B
Low Forecast$2.09B$2.19B$2.19B$2.08B$1.97B$2.05B$2.03B$1.92B$1.83B$1.89B$1.91B$1.91B$1.74B$1.83B$1.87B$1.85B$1.66B$1.77B$1.76B$1.67B$1.49B$1.52B$1.48B$1.40B$1.33B$1.40B$1.47B$1.34B$1.27B$1.35B
# Analysts84486339105869475374347441016811711
Surprise %------------1.00%-1.00%1.00%1.01%1.01%1.00%1.01%1.01%1.01%1.00%1.00%1.01%1.00%1.01%1.01%0.99%1.01%

Fastenal's average Quarter revenue forecast for Mar 24 based on 6 analysts is $1.91B, with a low forecast of $1.91B, and a high forecast of $1.91B. 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 EBITDA Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts84486339105869475374347441016811711
EBITDA------------$397.10M-$440.40M$438.10M$378.00M$423.50M$427.40M$402.00M$344.50M$361.30M$360.10M$322.30M$306.70M$331.30M$356.80M$310.00M$276.90M$319.30M
Avg Forecast$486.59M$510.23M$509.17M$484.47M$458.93M$477.46M$473.66M$448.70M$425.07M$439.18M$441.83M$464.80M$404.29M$426.18M$435.77M$422.55M$359.01M$413.32M$411.93M$384.13M$348.37M$355.63M$347.38M$322.30M$310.17M$326.66M$343.45M$300.88M$297.40M$316.45M
High Forecast$494.31M$518.32M$517.25M$492.16M$466.21M$485.03M$481.17M$457.95M$429.69M$441.23M$441.83M$557.76M$406.60M$432.94M$442.68M$507.06M$430.81M$421.36M$419.94M$460.96M$355.14M$362.55M$354.14M$386.76M$316.20M$333.01M$350.13M$361.06M$303.18M$322.60M
Low Forecast$482.03M$505.45M$504.40M$479.93M$454.62M$472.98M$469.22M$444.08M$422.76M$437.13M$441.83M$371.84M$401.98M$422.19M$431.68M$338.04M$287.20M$407.50M$406.12M$307.31M$343.46M$350.62M$342.49M$257.84M$305.80M$322.05M$338.61M$240.71M$293.21M$311.99M
Surprise %------------0.98%-1.01%1.04%1.05%1.02%1.04%1.05%0.99%1.02%1.04%1.00%0.99%1.01%1.04%1.03%0.93%1.01%

6 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's previous annual EBITDA (Dec 23) of $397.10M.

Fastenal Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts84486339105869475374347441016811711
Net Income------------$266.40M-$298.00M$295.10M$245.60M$284.60M$287.10M$269.60M$231.20M$243.50M$239.70M$210.60M$196.10M$221.50M$238.90M$202.60M$178.70M$213.50M
Avg Forecast$314.37M$346.23M$343.57M$316.92M$297.90M$324.95M$318.31M$296.11M$274.29M$294.90M$292.63M$311.72M$259.37M$288.46M$302.63M$283.38M$240.93M$278.31M$286.66M$257.62M$217.05M$239.08M$236.29M$210.60M$190.65M$214.37M$209.61M$196.64M$180.21M$203.52M
High Forecast$320.86M$353.37M$350.65M$323.45M$304.04M$331.65M$324.87M$307.50M$280.01M$296.29M$292.68M$374.06M$265.14M$294.41M$308.87M$340.06M$289.12M$285.35M$293.91M$309.14M$222.54M$245.13M$242.27M$252.72M$195.47M$219.79M$214.91M$235.97M$184.77M$208.66M
Low Forecast$310.54M$342.01M$339.38M$313.06M$294.26M$320.99M$314.43M$284.72M$268.58M$293.50M$292.57M$249.37M$256.21M$284.94M$298.94M$226.70M$192.75M$273.22M$281.42M$206.09M$213.07M$234.70M$231.96M$168.48M$187.16M$210.44M$205.77M$157.31M$176.91M$199.79M
Surprise %------------1.03%-0.98%1.04%1.02%1.02%1.00%1.05%1.07%1.02%1.01%1.00%1.03%1.03%1.14%1.03%0.99%1.05%

Fastenal'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 SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts84486339105869475374347441016811711
SG&A------------$445.50M-$462.60M$456.80M-$447.30M$444.20M$435.30M$412.00M$401.80M$382.90M$363.10M$354.70M$351.50M$355.30M$365.90M$359.90M$369.20M
Avg Forecast$542.68M$569.04M$567.87M$540.32M$511.83M$532.49M$528.26M$500.43M$474.07M$489.81M$492.77M$503.30M$450.89M$475.31M$486.00M$457.55M$429.35M$452.96M$451.43M$415.95M$381.78M$389.74M$380.70M$363.10M$339.91M$357.98M$376.39M$355.14M$325.92M$346.79M
High Forecast$551.29M$578.07M$576.88M$548.89M$519.95M$540.94M$536.64M$510.74M$479.23M$492.09M$492.77M$603.96M$453.47M$482.85M$493.71M$549.06M$515.22M$461.77M$460.21M$499.14M$389.20M$397.32M$388.10M$435.72M$346.53M$364.94M$383.71M$426.17M$332.25M$353.54M
Low Forecast$537.59M$563.71M$562.54M$535.26M$507.03M$527.50M$523.31M$495.27M$471.50M$487.52M$492.77M$402.64M$448.31M$470.86M$481.44M$366.04M$343.48M$446.57M$445.07M$332.76M$376.40M$384.25M$375.33M$290.48M$335.12M$352.94M$371.08M$284.11M$321.32M$341.91M
Surprise %------------0.99%-0.95%1.00%-0.99%0.98%1.05%1.08%1.03%1.01%1.00%1.04%0.98%0.94%1.03%1.10%1.06%

Fastenal's average Quarter SG&A projection for Mar 24 is $503.30M, based on 6 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 EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts84486339105869475374347441016811711
EPS------------$0.47-$0.52$0.52$0.43$0.50$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$0.55$0.60$0.60$0.55$0.52$0.57$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$0.56$0.61$0.61$0.56$0.53$0.58$0.57$0.54$0.49$0.52$0.51$0.53$0.46$0.51$0.54$0.52$0.43$0.50$0.51$0.46$0.39$0.43$0.42$0.38$0.34$0.38$0.37$0.35$0.32$0.36
Low Forecast$0.54$0.60$0.59$0.54$0.51$0.56$0.55$0.50$0.47$0.51$0.51$0.53$0.45$0.50$0.52$0.50$0.41$0.48$0.49$0.44$0.37$0.41$0.40$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%1.00%1.05%1.06%1.01%1.02%1.01%1.02%1.04%1.15%1.02%0.99%1.04%

According to 6 Wall Street analysts, Fastenal's projected average Quarter EPS for Mar 24 is $0.53, with a low estimate of $0.53 and a high estimate of $0.53. This represents a 12.81% increase compared to FAST previous annual EPS of $0.47 (Dec 23).

Fastenal Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
MSMMSC Industrial Direct$81.38$105.7129.90%Buy
FERGFerguson$178.78$224.8625.77%Buy
POOLPool$344.70$388.8012.79%Buy
SITESiteOne Landscape Supply$142.49$154.008.08%Hold
FASTFastenal$74.08$77.805.02%Hold
WSOWatsco$481.82$457.50-5.05%Hold
AITApplied Industrial$254.46$241.00-5.29%Buy
GWWW.W. Grainger$1.11K$1.02K-8.10%Buy
CNMCore & Main$56.51$51.00-9.75%Buy

FAST Forecast FAQ

Is Fastenal a good buy?

No, according to 11 Wall Street analysts, Fastenal (FAST) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 2 'Buy' recommendations, accounting for 18.18% of FAST's total ratings.

What is FAST's price target?

Fastenal (FAST) average price target is $77.8 with a range of $72 to $86, implying a 5.02% from its last price of $74.08. The data is based on 11 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Fastenal stock go up soon?

According to Wall Street analysts' prediction for FAST stock, the company can go up by 5.02% (from the last price of $74.08 to the average price target of $77.8), up by 16.09% based on the highest stock price target, and down by -2.81% based on the lowest stock price target.

Can Fastenal stock reach $110?

FAST's average twelve months analyst stock price target of $77.8 does not support the claim that Fastenal can reach $110 in the near future.

What are Fastenal's analysts' financial forecasts?

Fastenal's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $8.05B (high $8.19B, low $7.98B), average EBITDA is $1.86B (high $1.89B, low $1.84B), average net income is $1.24B (high $1.27B, low $1.21B), average SG&A $2.07B (high $2.11B, low $2.05B), and average EPS is $2.15 (high $2.21, low $2.11). FAST's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $8.63B (high $8.76B, low $8.54B), average EBITDA is $1.99B (high $2.02B, low $1.97B), average net income is $1.32B (high $1.35B, low $1.3B), average SG&A $2.22B (high $2.26B, low $2.2B), and average EPS is $2.3 (high $2.35, low $2.27).

Did the FAST's actual financial results beat the analysts' financial forecasts?

Based on Fastenal'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 1.02%. The company's net income was $1.16B, beating the average estimation of $1.13B by 1.87%. Apple's SG&A was $1.83B, missing the average forecast of $1.87B by -2.35%. 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'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 $404.29M by -1.78%. Fastenal's net income was $266.4M, beating the average estimation of $259.37M by 2.71%. The company's SG&A was $445.5M, missing the average forecast of $450.89M by -1.20%. Lastly, the company's EPS was $0.47, beating the average prediction of $0.451 by 4.14%