Baird Raises Fastenal (FAST) Price Target to $60
Baird has reaffirmed its Outperform rating on Fastenal with a price target of $60, a 18.76% upside from the current price.
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Baird raised its price target on Fastenal Company ($FAST) to $60 from $59 on October 15, 2026, and rates the stock "Outperform".
Since the rating, $FAST is up 1.3% to date (from the $50.38 close on Oct 15, 2026).
FAST
Fastenal Company
Key Points
- On October 15, 2026, Baird reiterated its Outperform rating on Fastenal Company with a new price target of $60, up from $59.
- Baird's $60 price target implies 18.76% upside from Fastenal Company's ($FAST) current $50.52 share price.
- Fastenal shares recently traded at $50.52, which is about 15.8% below Baird's target.
- The company has shown strong financials, with trailing twelve-month revenue of $8.75 billion and a net margin of 15.5%.
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Baird has reiterated its Outperform rating on Fastenal Company (NasdaqGS: FAST) on October 15, 2026, setting a price target of $60. This is an increase from the previous target of $59. Fastenal shares were recently trading at $50.52, which is about 15.8% below Baird's target.
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Other Institutional Activity in Fastenal Company
Several other institutional investors have also shown interest in Fastenal. Blackrock Inc. holds 106,297,179 shares worth about $5.42 billion, after a 1.5% increase in its holdings. Vanguard Capital Management LLC owns 74,919,565 shares valued at approximately $3.82 billion, having added 357,896 shares. Vanguard Portfolio Management LLC increased its stake by 444,697 shares, totaling 64,893,489 shares worth around $3.31 billion. State Street Corporation added 872,395 shares, bringing its total to 56,438,968 shares valued at about $2.88 billion. Charles Schwab Investment Management, Inc. owns 42,893,434 shares worth approximately $2.19 billion, after a significant increase of 3,505,524 shares.
Fastenal Company Stock Up 0.3%
Fastenal shares are currently trading near their recent levels, sitting at $50.52. This price is below the 52-week high, indicating some room for potential growth. The stock’s performance will be monitored closely as it remains below Baird's price target of $60.
$FAST price target
Fastenal Company daily closes and this analyst's $60 target. Not advice.
Recent Earnings
Fastenal reported trailing twelve-month revenue of approximately $8.75 billion, reflecting a year-over-year revenue growth of 14.7%. The company has a net margin of 15.5% and a return on equity of 34.3%. The next earnings report is anticipated to provide further insights into its financial performance.
Insider Buying and Selling at Fastenal Company
Since July, several insiders have sold shares of Fastenal. Director Michael J. Ancius sold 3,000 shares for $49.00 each on July 28, totaling $147,000. On August 5, Director Rita J. Heise sold 34,964 shares at $50.05, amounting to $1,750,102. Ancius sold another 3,000 shares at $52.00 on August 10, for a total of $156,000. Officer Donnalee Kathleen Papenfuss sold 9,258 shares on August 13, with a total value of approximately $475,758.
Analysts Set New Price Targets
On October 15, 2026, Baird maintained its Outperform rating on Fastenal with a price target of $60.00. DA Davidson also maintained its Neutral rating with a target of $51.00, while Bernstein kept its Underperform rating with a target of $47.00. The consensus among analysts shows varying opinions on the stock's potential, reflecting differing views on Fastenal's performance.
About Fastenal Company
Fastenal Company, based in Winona, Minnesota, is a wholesaler of industrial and construction supplies. The company distributes fasteners and related products in the U.S., Canada, Mexico, and internationally. Fastenal's strong financial metrics and recent analyst ratings suggest it is well-positioned in the industrial distribution sector.
Bottom Line
Investors will be watching Fastenal closely as it approaches its next earnings date, which is expected to provide further insights into its financial performance. Baird's reiteration of its Outperform rating with a price target of $60 could indicate confidence in the company's growth potential.
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Source: Baird's rating change on $FAST (Oct 15, 2026). Written by software, not financial advice. How we make alerts