What Are Wall Street Analysts' Target Price for Fastenal Stock?

Core Insights - Fastenal Company, based in Winona, Minnesota, specializes in the wholesale distribution of industrial and construction supplies, with a market cap of approximately $46.9 billion [1] Performance Overview - Fastenal's stock has underperformed compared to the broader market, gaining 13.6% year-to-date but dropping 1.7% over the past 52 weeks, while the S&P 500 Index gained 14.4% in 2025 and 12.7% over the past year [2] - The company also lagged behind the Industrial Select Sector SPDR Fund, which surged 16.4% in 2025 and gained 9.1% over the past year [3] Recent Financial Results - Following the release of mixed Q3 results on October 13, Fastenal's stock price fell 7.5% in one trading session. The company's Q3 topline increased by 11.7% year-over-year to $2.1 billion, but missed expectations by 11 basis points. Adjusted EPS rose 12.3% year-over-year to $0.29, missing consensus estimates by 3.3% [4] Future Earnings Expectations - For the full fiscal year 2025, analysts project an adjusted EPS of $1.11, reflecting an 11% year-over-year increase. Fastenal has a mixed earnings surprise history, missing bottom-line estimates twice in the past four quarters while meeting projections on two occasions [5] Analyst Ratings and Price Targets - Among 17 analysts covering Fastenal, the consensus rating is a "Hold," consisting of four "Strong Buys," 12 "Holds," and one "Strong Sell" [5] - Barclays analyst Guy Hardwick maintained an "Equal-Weight" rating on Fastenal but reduced the price target from $49 to $45. The mean price target of $45.82 indicates a 12.2% premium to current price levels, while the highest target of $50 suggests a 22.4% upside potential [7]