Fastenal Company (FAST) Price Target Analysis
Updated Jun 18, 2026
Analyst Rating: Hold
Based on 31 analysts0.5% Below Target
FAST trades 0.5% below Wall Street's consensus target of $46.14.
Current Price$45.89
Average Target$46.14
Target
Current
Low$42.00
Median$46.00
High$50.00
Analyst Target Range
Forward P/E36.9x
(Growth Premium)
PEG Ratio4.75
(Expensive)
Implied Growth+13.7%
(Moderate)
Analyst Spread17.3%
(High Agreement)
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Consensus Scenario Assumptions
The base valuation assumes FAST achieves its forward estimates and maintains a stable P/E multiple of 36.9x. This scenario reflects the blended consensus of 31 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
FAST Price Target Analysis
Updated June 20, 2026As of June 20, 2026, Fastenal Company (FAST) has a Wall Street consensus price target of $46.14, based on estimates from 31 covering analysts. With the stock currently trading at $45.89, this represents a potential upside of +0.5%. The company has a market capitalization of $52.68B.
Analyst price targets range from a low of $42.00 to a high of $50.00, representing a 17% spread in expectations. The median target of $46.00 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,18 rating it Hold, and 2 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 42.1x and forward P/E of 36.9x. The forward PEG ratio of 4.75 reflects a premium valuation. Analysts expect EPS to grow +13.7% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $56.52, with bear and bull scenarios of $35.61 and $74.48 respectively. Model confidence stands at 63/100, reflecting moderate uncertainty in projections.
Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Industrials stocks.
Analyst Sentiment Comparison
Industry Peer AnalysisAvg Peer Upside
+13.0%
Industry Consensus
Avg Forward P/E
22.7x
(Fair)
Peers with Coverage
10 / 10
Active Analyst Tracking
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 GWWW.W. Grainger, Inc. | $64.5B | $1365.41 | $1275.38 | -6.6% | Hold | 29.9x | 38 |
 MSMMSC Industrial Direct Co., Inc. | $6.6B | $118.51 | $111.00 | -6.3% | Hold | 27.2x | 28 |
 SNASnap-on Incorporated | $20.2B | $387.25 | $415.33 | +7.3% | Buy | 20.3x | 17 |
 SITESiteOne Landscape Supply, Inc. | $4.9B | $110.17 | $162.29 | +47.3% | Buy | 25.4x | 15 |
 HDThe Home Depot, Inc. | $333.0B | $334.28 | $373.92 | +11.9% | Buy | 22.4x | 62 |
 LOWLowe's Companies, Inc. | $124.5B | $222.10 | $279.18 | +25.7% | Buy | 17.8x | 51 |
 POOLPool Corporation | $7.3B | $198.99 | $275.00 | +38.2% | Buy | 18.0x | 21 |
 ITWIllinois Tool Works Inc. | $76.1B | $264.09 | $271.29 | +2.7% | Hold | 23.4x | 28 |
 SWKStanley Black & Decker, Inc. | $13.5B | $86.75 | $88.67 | +2.2% | Hold | 19.1x | 37 |
 EMREmerson Electric Co. | $84.4B | $150.66 | $162.29 | +7.7% | Buy | 23.2x | 41 |
FAST — Frequently Asked Questions
Quick answers to the most common questions about buying FAST stock.
What is the FAST stock price target for 2026?
The consensus price target for FAST is $46.14, close to the current price of $45.89 (0.5% implied move). Based on 31 analyst estimates, the stock appears fairly valued near current levels.
Is FAST a buy, sell, or hold?
FAST has a consensus rating of "Hold" based on 31 Wall Street analysts. The rating breakdown is mixed, with 18 Hold ratings making up the largest segment. The consensus 12-month price target of $46.14 implies 0.5% upside from current levels.
Is FAST stock overvalued or undervalued?
At a forward P/E of 36.892x, FAST trades at a premium valuation. The consensus price target of $46.14 (0.5% upside) suggests analysts may view current valuations as stretched.
How high can FAST stock go?
The most bullish Wall Street analyst has a price target of $50 for FAST, while the most conservative target is $42. The consensus of $46.14 represents the median expectation. Our quantitative valuation model projects a bull case target of $74 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
How many analysts cover FAST stock?
FAST is heavily covered by Wall Street, with 31 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 11 have Buy ratings, 18 recommend Hold, and 2 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
What is the FAST stock forecast?
The 12-month FAST stock forecast based on 31 Wall Street analysts shows a consensus price target of $46.14, with estimates ranging from $42 (bear case) to $50 (bull case). The median consensus rating is "Hold". Our proprietary valuation model produces a base case fair value of $57, with bear/bull scenarios of $36/$74.
What is FAST's fair value based on fundamentals?
Our quantitative valuation model calculates FAST's fair value at $57 (base case), with a bear case of $36 and bull case of $74. 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 63/100.
What is FAST's forward P/E ratio?
FAST trades at a forward P/E ratio of 36.9x based on next-twelve-months earnings estimates compared to a trailing P/E of 42.1x. 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.
Should I buy FAST stock?
FAST appears fairly valued according to analysts, with a "Hold" rating and minimal upside to the $46.14 target. Consider your investment thesis and risk tolerance. 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.
Why do FAST price targets vary so much?
FAST analyst price targets range from $42 to $50, a 17% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $46.14 consensus represents the middle ground. Our model's $36-$74 range provides an independent fundamental perspective.
Consensus-Based Analysis Tools
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