FAST trades 1.4% above Wall Street's consensus target of $52.25.
Last 12 months price action with 12-month analyst target path
The base valuation assumes FAST achieves its forward estimates and maintains a stable P/E multiple of 41.4x. This scenario reflects the blended consensus of 33 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
As of November 8, 2026, Fastenal Company (FAST) has a Wall Street consensus price target of $52.25, based on estimates from 33 covering analysts. With the stock currently trading at $52.99, this represents a potential downside of -1.4%. The company has a market capitalization of $60.81B.
Analyst price targets range from a low of $47.00 to a high of $60.00, representing a 25% spread in expectations. The median target of $51.50 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.
The current analyst consensus rating is Hold, with 11 analysts rating the stock as a Buy or Strong Buy,19 rating it Hold, and 3 rating it Sell or Strong Sell. The mixed ratings reflect uncertainty about near-term direction.
From a valuation perspective, FAST trades at a trailing P/E of 48.6x and forward P/E of 41.4x. The forward PEG ratio of 5.33 reflects a premium valuation. Analysts expect EPS to grow +3.8% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $62.43, with bear and bull scenarios of $39.33 and $82.26 respectively. Model confidence stands at 65/100, reflecting moderate uncertainty in projections.
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 GWWW.W. Grainger, Inc. | $68.0B | $1440.70 | $1341.11 | -6.9% | Hold | 31.0x | 39 |
 MSMMSC Industrial Direct Co., Inc. | $6.3B | $113.27 | $145.13 | +28.1% | Hold | 24.4x | 29 |
 SNASnap-on Incorporated | $19.0B | $367.22 | $434.00 | +18.2% | Buy | 19.2x | 18 |
 SITESiteOne Landscape Supply, Inc. | $5.0B | $112.71 | $116.38 | +3.3% | Buy | 28.0x | 16 |
 HDThe Home Depot, Inc. | $342.5B | $343.47 | $378.64 | +10.2% | Buy | 22.9x | 63 |
 LOWLowe's Companies, Inc. | $125.9B | $224.55 | $240.00 | +6.9% | Buy | 18.3x | 51 |
 POOLPool Corporation | $7.7B | $211.70 | $204.57 | -3.4% | Buy | 19.3x | 22 |
 ITWIllinois Tool Works Inc. | $80.8B | $280.95 | $282.50 | +0.6% | Hold | 24.5x | 28 |
 SWKStanley Black & Decker, Inc. | $17.3B | $114.85 | $98.25 | -14.5% | Hold | 20.5x | 37 |
 EMREmerson Electric Co. | $90.9B | $162.35 | $170.80 | +5.2% | Buy | 24.7x | 44 |
Quick answers to the most common questions about buying FAST stock.
Wall Street's consensus price target for FAST is $52.25, -1.4% from its current price of $52.99. The below-market target from 33 analysts suggests limited near-term appreciation.
FAST has a consensus rating of "Hold" based on 33 Wall Street analysts. The rating breakdown is mixed, with 19 Hold ratings making up the largest segment. The consensus 12-month price target of $52.25 implies -1.4% downside from current levels.
At a forward P/E of 41.4081x, FAST trades at a premium valuation. The consensus price target of $52.25 (-1.4% downside) suggests analysts may view current valuations as stretched.
The most bullish Wall Street analyst has a price target of $60 for FAST, while the most conservative target is $47. The consensus of $52.25 represents the median expectation. Our quantitative valuation model projects a bull case target of $82 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
FAST is heavily covered by Wall Street, with 33 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 11 have Buy ratings, 19 recommend Hold, and 3 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month FAST stock forecast based on 33 Wall Street analysts shows a consensus price target of $52.25, with estimates ranging from $47 (bear case) to $60 (bull case). The median consensus rating is "Hold". Our proprietary valuation model produces a base case fair value of $62, with bear/bull scenarios of $39/$82.
Our quantitative valuation model calculates FAST's fair value at $62 (base case), with a bear case of $39 and bull case of $82. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 65/100.
FAST trades at a forward P/E ratio of 41.4x based on next-twelve-months earnings estimates compared to a trailing P/E of 48.6x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Analysts are cautious on FAST, with 3 Sell ratings and a price target of $52.25 (-1.4% from current price). The "Hold" consensus suggests careful evaluation before buying. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
FAST analyst price targets range from $47 to $60, a 25% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $52.25 consensus represents the middle ground. Our model's $39-$82 range provides an independent fundamental perspective.
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