Baird Boosts Fastenal (FAST) Price Target While Reaffirming Outperform Rating

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Baird analyst David Manthey has raised the price target for Fastenal Company (FAST) to $51 from $49, while maintaining an Outperform rating. This adjustment follows Fastenal’s strong Q4 2025 performance, where daily sales grew over 11% and the company achieved double-digit growth, driven by expanded contracts and increased adoption of digital platforms. Fastenal reported Q4 net sales of $2.03 billion and full-year record sales of $8.2 billion, demonstrating consistent financial growth and market share gains despite sluggish industrial activity.

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