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Asset logo for symbol FAST
Fastenal Co
FAST67
$67.90arrow_drop_down0.55%-$0.38
S&P500
Asset logo for symbol FAST
FAST67

$67.90

arrow_drop_down0.55%

AI Deep-Learning Forecast (FAST)

Analyst Forecast

Period: Next 12 Months

Analyst Ratings

Fastenal Co (FAST) Stocklytics Forecast

Fastenal Co (FAST) is a leading distributor of industrial and construction supplies, with a strong presence in the United States and internationally. The company has a proven track record of delivering solid financial performance and has consistently grown its revenues and profits over the years. With its extensive network of stores and distribution centers, Fastenal Co is well positioned to capitalize on the growing demand for industrial and construction supplies. The company's strong focus on customer service and product quality has helped it build long-term relationships with its customers and gain market share. Fastenal Co has also been investing in technology and digital capabilities to enhance its operational efficiency and improve the customer experience.

Looking ahead, Fastenal Co has a promising growth outlook. The company is expected to benefit from the ongoing recovery in the industrial and construction sectors, as well as the favorable macroeconomic environment. With its robust supply chain and strong relationships with suppliers, Fastenal Co is well positioned to meet the increasing demand for its products. The company's expansion into new markets and its ongoing efforts to enhance its product offering are also expected to drive growth in the coming years. Analysts have provided positive forecasts for Fastenal Co, with many projecting strong earnings growth and an increase in its stock price in the near future.

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Frequently Asked Questions

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What is the analyst price prediction for Fastenal Co (FAST) stock?

Analysts have set a target price of $58.88 for Fastenal Co (FAST), based on forecasts from 24 analysts. The predicted price range extends from a high of $85 to a low of $42. This represents a potential increase of up to 25.18% and a decrease of -38.14% from the current price of $67.9. These forecasts are as of 2021 Oct 08.

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What are the analyst ratings for Fastenal Co (FAST) stock?

The analyst ratings for Fastenal Co (FAST) are distributed as follows: 9 analysts recommend buying, 9 have a neutral stance, and 0 suggest selling. There is a split consensus, with equal support for two of the rating categories. These ratings indicate the general sentiment among the analysts covering Fastenal Co.

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What is the AI price prediction for Fastenal Co (FAST) stock?

At present, there is no AI or machine-learning-based price prediction available for Fastenal Co (FAST) stock. The lack of a forecast could stem from various factors, such as inadequate data or the necessity for model recalibration.

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