Fastenal Stock: A Deep Dive Into Analyst Perspectives (4 Ratings)
Portfolio Pulse from Benzinga Insights
Fastenal (NASDAQ:FAST) received mixed ratings from analysts, with 1 bullish and 3 indifferent ratings in the latest quarter. Analysts have adjusted their 12-month price targets, with an average target of $67.5, down from $71.5. Key analysts from Stifel, Stephens & Co., Jefferies, and Baird have either maintained or lowered their ratings and price targets.
July 15, 2024 | 3:00 pm
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NEUTRAL IMPACT
Fastenal received mixed ratings from analysts, with 1 bullish and 3 indifferent ratings. The average 12-month price target has dropped to $67.5 from $71.5. Analysts from Stifel, Stephens & Co., Jefferies, and Baird have either maintained or lowered their ratings and price targets.
The mixed ratings and lowered price targets indicate a neutral short-term impact on Fastenal's stock. While there is a bullish rating, the overall sentiment is indifferent, and the average price target has decreased.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100