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Robert W. Baird Forecasts Strong Price Appreciation for Fastenal (NASDAQ:FAST) Stock
Robert W. Baird has increased its price target for Fastenal (NASDAQ:FAST) stock from $49.00 to $51.00, maintaining an “outperform” rating and suggesting a potential upside of 7.75%. This comes amidst mixed analyst ratings, with other firms issuing “buy,” “hold,” and “underperform” ratings, resulting in a consensus “Hold” rating and an average price target of $48.18 for the company. The article also details Fastenal’s recent financial performance, insider transactions, and institutional investor activity.