70/100BFastenal Company stock forecast 2026–2030What is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Analysts' average 12-month price target for Fastenal Company is 52.25, 5.8% below the current price of 55.47. Their targets range from 47.00 to 60.00.
Of the 8 firms that rated Fastenal Company in the past 12 months, 3 rate it buy or strong buy, 3 hold and 2 sell or strong sell (each firm at its latest rating): a Hold consensus.
Analysts' 1-year price targets range from 47.00 to 60.00, with an average of 52.25.
| Buy | 3 | |
| Hold | 3 | |
| Sell | 2 |
12-month price target
| Highest target | 60.00 |
| Average target | 52.25 |
| Lowest target | 47.00 |
| Current price | 55.47 |
Fastenal Company price target historyWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Have analysts recently raised or lowered their Fastenal Company price target and rating?
How analysts rate Fastenal Company, month by monthWhat is the analyst rating? The analyst rating sums up what the analysts covering a stock recommend, from strong buy to strong sell, by the share of them rating it a buy.
3 of 8 firms rate it buy now, against 3 of 10 in December 2025.
Each month: every firm at its latest rating from the 12 months before. Strong buys count as buys, strong sells as sells.
Fastenal Company analyst upgrades, downgrades and price targets
The latest rating change came on 15 December 2025, when Jefferies upgraded Fastenal Company from Hold to Buy. Its price target is 52.00. The most recent new target came from Argus Research on 21 October 2026: 59.00.
| Date | Firm | Rating | Price target | Change | Price then |
|---|---|---|---|---|---|
| 21 Oct 2026 | Argus Research | Reiterated · Buy | 59.00 | — | 51.75 |
| 15 Oct 2026 | Robert W. Baird David Manthey | — | 54.00 → 60.00 | +11.1% | 52.00 |
| 15 Oct 2026 | Bernstein | Reiterated · Underperform | 42.00 → 47.00 | +11.9% | 52.00 |
| 13 Oct 2026 | D.A. Davidson Chris Dankert | — | 46.00 → 51.00 | +10.9% | 50.78 |
| 7 Aug 2026 | Robert W. Baird David Manthey | — | 50.00 → 54.00 | +8.0% | 51.23 |
| 16 Jul 2026 | Morgan Stanley Christopher Snyder | Reiterated · Equal Weight | 48.00 → 52.00 | +8.3% | 45.36 |
| 13 Jul 2026 | Redburn Partners William Blunt | — | 55.00 | — | 46.49 |
| 9 Jul 2026 | Wolfe Research | — | 47.00 | — | 46.13 |
| 8 Jul 2026 | Morgan Stanley | Reiterated · Equal Weight | 45.00 → 48.00 | +6.7% | 47.11 |
| 6 Jul 2026 | Barclays | Reiterated · Equal Weight | 46.00 → 47.00 | +2.2% | 48.60 |
| 15 Jun 2026 | D.A. Davidson | — | 46.00 | — | 46.10 |
| 3 Jun 2026 | Barclays Guy Hardwick | Reiterated · Equal Weight | 43.00 → 46.00 | +7.0% | 44.73 |
| 14 Apr 2026 | Bernstein | — | 42.00 | — | 45.80 |
| 14 Apr 2026 | Robert W. Baird David Manthey | — | 51.00 → 50.00 | -2.0% | 45.80 |
| 5 Mar 2026 | Raymond James | — | 48.00 | — | 47.16 |
| 5 Mar 2026 | Morgan Stanley Chris Snyder | — | 40.00 → 45.00 | +12.5% | 47.75 |
| 6 Feb 2026 | Robert W. Baird David Manthey | — | 86.00 → 51.00 | -40.7% | 47.87 |
| 21 Jan 2026 | UBS Amit Mehrotra | — | 46.00 | — | 44.11 |
| 21 Jan 2026 | Barclays | Reiterated · Equal Weight | 45.00 → 43.00 | -4.4% | 42.62 |
| 15 Dec 2025 | Jefferies Stephen Volkmann | Upgraded · Hold → Buy | 52.00 | — | 42.00 |
| 13 Nov 2025 | Wolfe Research | Downgraded · Peer Perform → Underperform | — | — | — |
Fastenal Company EPS and revenue estimatesWhat are estimate revisions? Estimate revisions are the changes analysts make to their EPS and revenue forecasts for the years ahead. They show whether expectations are rising or falling.
Analysts expect Fastenal Company's EPS to grow 12.3% a year until 2028, faster than over the last 5 years (7.8% a year) and the last 3 years (5.1%).
Analysts expect Fastenal Company's revenue to grow 10.6% a year until 2028. Over the last 5 years it grew 7.7% a year, and over the last 3 years 5.5%.
Revenue
EPS
Does Fastenal Company beat earnings estimates?What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
On average, analysts' EPS estimate was 18.1% off the result, either way, and their revenue estimate 0.6%, over the last 12 quarters.
- EPS beats
- 44 / 116
- Revenue beats
- 63 / 115
- Average EPS surprise, last 12What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
- -16.2%
- Since
- October 1996
| Quarter | Report date | EPS estimate | Reported EPS | Surprise | Revenue estimate | Reported revenue | Surprise |
|---|---|---|---|---|---|---|---|
| Q3 FY2026 | 14 Oct 2026 | 0.34 | 0.35 | +3.0% | 2.44B | 2.46B | +0.9% |
| Q2 FY2026 | 14 Jul 2026 | 0.33 | 0.33 | +0.4% | 2.34B | 2.39B | +2.1% |
| Q1 FY2026 | 13 Apr 2026 | 0.30 | 0.30 | +0.4% | 2.20B | 2.20B | +0.2% |
| Q4 FY2025 | 20 Jan 2026 | 0.26 | 0.26 | +0.3% | 2.04B | 2.03B | -0.5% |
| Q3 FY2025 | 13 Oct 2025 | 0.30 | 0.29 | -2.4% | 2.13B | 2.13B | +0.1% |
| Q2 FY2025 | 14 Jul 2025 | 0.28 | 0.29 | +2.7% | 2.07B | 2.08B | +0.3% |
| Q1 FY2025 | 11 Apr 2025 | 0.26 | 0.26 | +0.0% | 1.95B | 1.96B | +0.4% |
| Q4 FY2024 | 17 Jan 2025 | 0.48 | 0.23 | -52.1% | 1.84B | 1.82B | -1.0% |
| Q3 FY2024 | 11 Oct 2024 | 0.51 | 0.26 | -49.3% | 1.90B | 1.91B | +0.4% |
| Q2 FY2024 | 12 Jul 2024 | 0.51 | 0.25 | -50.9% | 1.91B | 1.92B | +0.1% |
| Q1 FY2024 | 11 Apr 2024 | 0.53 | 0.26 | -50.9% | 1.91B | 1.90B | -1.0% |
| Q4 FY2023 | 18 Jan 2024 | 0.22 | 0.23 | +4.5% | 1.75B | 1.76B | +0.4% |
Fastenal Company stock price 2026–2030: scenariosHow are the stock price scenarios calculated? Bear, base and bull prices for the years ahead: the analysts' EPS estimates times the lowest, average and highest P/E of the stock today and at its last five year ends, or of its peers.
If Fastenal Company's earnings keep growing at the 12.0% a year analysts expect to FY2028, it would earn about 1.94 a share in FY2030. At the P/E it has traded at over the last five years (24.9 to 44.7) that is 48.23 to 86.62 a share, or 69.13 at its average P/E of 35.7. This is arithmetic on the analysts' estimates, not a prediction.
| Fiscal year | EPS | Bear | Base | Bull |
|---|---|---|---|---|
| FY2026 | 1.28 | 31.92 | 45.74 | 57.32 |
| FY2027 | 1.42 | 35.28 | 50.56 | 63.36 |
| FY2028 | 1.54 | 38.47 | 55.13 | 69.08 |
| FY2029 (extrapolated) | 1.73 | 43.07 | 61.74 | 77.36 |
| FY2030 (extrapolated) | 1.94 | 48.23 | 69.13 | 86.62 |
Each year's EPS is the analysts' consensus to FY2028; the years after grow 12.0% a year (the analysts' growth, at most 15%). Bear, base and bull apply the lowest, average and highest P/E of today and the last five fiscal year ends, leaving out any above 60, the mark of a year of collapsed earnings (24.9, 35.7, 44.7).
Is Fastenal Company stock undervalued or overvalued?How does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
Fastenal Company's P/E of 44.7 is near the top of its 5-year range (12.1 to 48.4, median 17.8). Analysts expect faster growth than in recent years, which can explain part of the high P/E. Buyers pay more for each point of growth than usual: a PEG of 3.6 on expected growth against 2.3 on its median P/E and past five years' growth. Fair value is not a reliable guide for Fastenal Company: its usual P/E would put it at 22.05, 151.6% from the price, too far for its P/E history to be a fair guide. Its forward P/E, on the consensus for FY2026, is 43.3.
- Price to earnings ratio (TTM)What is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 44.73
- Five-year median P/EWhat is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 17.78
- Five-year P/E range
- 12.1 – 48.4
- Forward P/E (FY2026)What is the forward P/E ratio? Forward P/E divides a share's price by the earnings per share analysts expect in the coming year, rather than last year's actual earnings.
- 43.28
- PEG ratioWhat is the PEG ratio? The PEG ratio divides the P/E by the yearly earnings growth analysts expect, to show how much you pay for each point of growth.
- 3.73
- To the average targetWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
- -5.8%
Most undervalued US stocksHow does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
| Stock | Price | Fair value | Upside |
|---|---|---|---|
| 28.410 | 56.5734Price 28.4196 | +99.1% | |
| 64.525 | 128.0462Price 64.53185 | +98.4% | |
| 153.725 | 297.58169Price 153.73471 | +93.6% | |
| 243.002 | 464.73205Price 243.00627 | +91.2% | |
| 160.085 | 305.52160Price 160.09396 | +90.8% | |
| 37.565 | 71.4258Price 37.57193 | +90.1% | |
| 160.240 | 300.15225Price 160.24375 | +87.3% |
Furthest below the fair value on each stock's page, updated every day.