From Financial Modeling Prep: 2024-10-10 16:00:01

Analysts have revised Fastenal’s average price target to $56, indicating a conservative outlook. The decrease from a $64 target three months ago reflects changing analyst sentiment and market conditions. Despite a 5.7% stock increase post-earnings report, concerns remain about Fastenal’s international revenue reliance. Fastenal Company (NASDAQ: FAST) is a distributor of industrial supplies, facing competition from Grainger and MSC Industrial Direct. Analysts set an average price target of $56 for Fastenal’s stock, down from $64 three months ago. Factors like market conditions and company performance influence these targets. UBS analyst Chris Snyder maintains a $50 price target due to concerns about international revenue reliance. Monitoring Fastenal’s upcoming earnings release and strategic announcements can provide insights into its financial health and growth prospects.



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