Fastenal Co., US3119001044

Jefferies raises Fastenal stock target from USD 52 to USD 60

Published on 10/13/2026 at 12:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Jefferies moved its target from USD 52 to USD 60 on October 12, 2026. Fastenal stock was at EUR 46.23 on October 13, 2026.

Jefferies raised its Fastenal price target from USD 52 to USD 60 on October 12, 2026.
Fastenal reported USD 2.39 billion in second-quarter 2026 revenue, up 14.70 percent year over year.
Fastenal stock was at EUR 46.23 at Lang & Schwarz on October 13, 2026 at 12:11 p.m. CEST.
Fastenal is scheduled to report third-quarter 2026 results on October 14, 2026.

Isometrische 3D-Illustration der industriellen Lieferkette von Hersteller über Lager zu Kunden — Fastenal Co. Lieferkette als isometrisches 3D-Prozessdiagramm von Hersteller zu Kunden, ISIN US3119001044, Illustration mit AI erstellt.

Fastenal stock (ISIN US3119001044) was at EUR 46.23 at Lang & Schwarz on October 13, 2026 at 12:11 p.m. CEST. Jefferies raised its price target from USD 52 to USD 60 on October 12, 2026, while maintaining a Buy recommendation, according to Boursorama.

Jefferies lifts its target

The new USD 60 target followed a USD 52 target and placed Jefferies above the USD 48 to USD 52 range cited for earlier analyst actions in July. The report also said Fastenal had gained market share across industrial end markets and benefited from stronger manufacturing demand, according to Boursorama.

Three dated Fastenal events

On July 14, 2026, Fastenal reported USD 2.39 billion in second-quarter 2026 revenue, up 14.70 percent from the year-earlier quarter, while earnings per share reached USD 0.33 and matched consensus, according to MarketBeat. On July 16, 2026, Morgan Stanley raised its target from USD 48 to USD 52, while on October 12, 2026, Jefferies lifted its target from USD 52 to USD 60.

What does the target raise mean?

The higher target arrives before Fastenal's next quarterly report, making revenue growth and margin performance the immediate tests for the valuation view. The second-quarter operating margin was 21.00 percent, while gross margin declined to 44.60 percent because of pricing-cost dynamics, customer mix and transportation costs, according to Yahoo Finance.

Next dates for results

Fastenal is scheduled to report third-quarter 2026 results on October 14, 2026, with consensus revenue of USD 2.44 billion and consensus earnings per share of USD 0.34, according to MarketBeat. The annual 2026 results are listed for January 15, 2027, in current analyst calendar data.

Stock context and quote

Fastenal had a market capitalization of USD 59.1 billion and a 52-week range of USD 38.97 to USD 52.92 as of October 12, 2026. Its EUR 46.23 Lang & Schwarz quote on October 13, 2026 stood below the latest USD 60 analyst target, but the two values use different currencies and are not directly comparable.

Fastenal distributes industrial and construction supplies through branches, onsite customer facilities, vending machines and digital platforms. The company is listed on NASDAQ under ticker FAST and is a Nasdaq-100 constituent, according to Nasdaq.

Trading context: Market report Nasdaq Composite.