Bernstein Raises its Price Target on Fastenal (FAST) to $42

On April 13, 2026, Bernstein raised its terms people connected Fastenal Company (NASDAQ:FAST) to $42 from $38. The steadfast noted that portion the institution is benefiting from beardown PMI trends and income growth, margins came successful weaker than expected during the quarter. Management besides indicated that pricing actions are taking longer to implement, which has added to capitalist concerns, peculiarly pursuing a beardown run-up successful the banal up of earnings.

On the different hand, BofA raised its terms people connected Fastenal to $55 from $48 and kept a Buy rating, with the caller people based connected a 27x 2027 EV/EBITDA multiple. The steadfast said the valuation reflects a broader rerating among distributor peers, with Fastenal present trading astatine a premium to the group.

On April 12, 2026, Fastenal reported Q1 EPS of 30c, successful enactment with consensus, connected gross of $2.2B, besides matching expectations. The institution said it continues to expect 2026 superior expenditures, nett of plus sales, to scope betwixt $310M and $330M, up from $230.6M successful 2025. The summation is driven by higher spending to regenerate its Atlanta hub installation and amended web efficiency, accrued trucking investments, and elevated IT spending arsenic delayed projects from 2025 transportation into 2026.

Fastenal Company (NASDAQ:FAST) distributes concern and operation supplies crossed aggregate markets globally.

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