FAST Price Prediction Next Week
Technical Analysis
Based on recent price action, FAST has shown a bullish trend with higher lows and higher highs. The stock closed at $74.78 on February 21, 2025, showing resilience despite mixed Q4 earnings results.
News Analysis
- Q4 2024 earnings missed expectations with EPS of $0.46 vs $0.48 expected
- Revenue came in at $1.82 billion, below forecasts of $1.84 billion
- The company faces challenges from soft manufacturing environment and weakened demand for fasteners
- Industrial production remained weak with key customers implementing holiday shutdowns
Price Forecast for Next Week Based on technical indicators and recent news sentiment:
Target Prices:
- Support: $73.80 (Previous week's low)
- Resistance: $76.00 (Near-term ceiling)
- Most Likely Range: $74.00-$75.50
Trading Recommendation: HOLD
- Current price appears fairly valued given mixed fundamentals
- While showing upward momentum, stock faces resistance around $76
- Wait for clearer directional signals before establishing new positions
- Weak manufacturing demand and cost pressures remain headwinds
Key Levels to Watch:
- Breakdown below $73.80 could trigger further selling
- Break above $76.00 would signal stronger bullish momentum
- Volume should be monitored for conviction in either direction
The stock has underperformed the broader market over the past year, gaining only 6.2% compared to S&P 500's 20.7% rally. However, YTD performance shows some improvement with FAST up 3.4% versus S&P 500's 3.2%.
FAST Similar Chart Price Prediction
The price of FAST is predicted to go up 6.14%, based on the high correlation periods with SWX. The similarity of these two price pattern on the periods is 91.52%.
FAST
SWX
Up: 6.14%Similarity: 91.52%
FAST Revenue Forecast
FAST EPS Forecast
FAST FAQs
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FAST VS S&P500
Vending and on-site programs should provide a long growth runway for Fastenal.
Fastenal can capitalize on its national scale, broad product portfolio, and inventory-management services to take market share from smaller and less capable distributors.
Despite serving cyclical end markets, Fastenal's business model generates strong free cash flow throughout the cycle. Fastenal is likely to continue to use its cash flow to fund a shareholder-friendly capital allocation strategy.
FAST Analyst's Forecast
Brian Butler
Stifel
Hold
2025-01-21
Price Target
$86 → $82
Upside
+7.77%
Stifel lowered the firm's price target on Fastenal to $82 from $86 and keeps a Hold rating on the shares. Despite the Q4 revenue and AEBITDA miss, the shares traded up on optimism for higher growth and margin improvement in FY25. Even if the industrial macro environment remains depressed at current levels, Fastenal's market share gains support mid-single digit revenue growth versus the slow 2.7% year-over-year growth reported in FY24, Stifel adds. The mid-single digit pace could accelerate to high single-digit or better when the macro demand improves, but timing of a FY25 recovery remains elusive, the firm argues.
Brian Butler
Stifel
Strong Buy → Hold
2024-12-11
Price Target
$86
Upside
+8.5%
Stephen Volkmann
Jefferies
Hold
2024-12-06
Price Target
$74 → $85
Upside
+4.87%
