Fastenal Co., US3119001044

Fastenal stock gains on a 51 USD Wolfe Research target

Published on 09/15/2026 at 22:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Wolfe Research started Fastenal stock at Underperform with a USD 51 target on September 15, 2026. The stock closed at USD 49.44 on September 14, 2026, after quarterly revenue of USD 2.39 billion.

Fotorealistisches Weitwinkelbild eines Industrielagers mit Schraubenregalen und Gabelstapler — Fastenal Co. betreibt ein weitläufiges Industrielager mit sortierten Schrauben und Gabelstaplern, ISIN US3119001044, Illustration mit AI erstellt.

Fastenal stock (ISIN US3119001044) gained a new analyst call on September 15, 2026, when Wolfe Research started coverage with Underperform and a USD 51 target, only 3.2 percent above the last close of USD 49.44.

Wolfe Research sees limited upside

According to goldesel.de on September 15, 2026, analyst Nigel Coe started Fastenal with Underperform and a USD 51 target, while the article said the prior-day US close was USD 49.44. MarketBeat also said the same day that the consensus rating is Hold and the consensus target is USD 49.50, which leaves the stock almost exactly at Street value.MarketBeat

Fastenal also had its latest reported quarter on July 14, 2026, when it posted USD 2.39 billion in revenue, up 14.7 percent year over year, and earnings of USD 0.33 per share, in line with consensus. MarketBeat added that net margin was 15.45 percent and return on equity 34.03 percent for that quarter.MarketBeat

Revenue growth meets valuation discipline

That combination matters because the stock is already up 23.2 percent from the start of 2026 to USD 49.44, so the debate now is less about recovery and more about how much is already priced in.MarketBeat

For investors, the key question is whether the July quarter's 14.7 percent revenue growth can keep supporting a valuation that sits only slightly below the USD 51 analyst target and close to the USD 49.50 consensus level.MarketBeat