FAST Price Prediction Next Week
Analysis and Insights
To predict the stock price of Fastenal Company (FAST) for the next trading week, we analyze both technical indicators and recent news sentiment.
Technical Analysis:
The current price of FAST is $74.74. Key technical indicators include:
- RSI (6-period): 39.23, indicating oversold conditions.
- MACD: Slightly positive but with a weakening histogram.
- Fibonacci Levels: Resistance at $80.56 and $82.62; support at $73.87 and $71.81.
News Sentiment:
- Analyst Ratings: KeyBanc maintains a Hold rating with a $79.00 target, while Morgan Stanley also holds a $76.00 target.
- Insider Sales: Significant insider selling, with 13 insiders selling $23.98 million worth of shares.
Prediction:
Given the oversold RSI and proximity to support levels, FAST may see a short-term bounce. However, insider selling and mixed analyst sentiment suggest limited upside.
Predicted Price Range: $75.50 to $77.00.
Recommendation: Buy if the stock tests the lower support level, with a target of $77.00.
FAST Similar Chart Price Prediction
The price of FAST is predicted to go up -12.9%, based on the high correlation periods with VTGN. The similarity of these two price pattern on the periods is 91.83%.
FAST
VTGN
Down: -12.9%Similarity: 91.83%
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
Ryan Merkel
William Blair
Hold → Buy
2025-03-10
Price Target
n/a
Downside
0%
William Blair upgraded Fastenal to Outperform from Market Perform without a price target. The firm views the company as a ""port in the storm" that should benefit from a short-cycle recovery trade. During periods of stock market volatility and growth concerns, Fastenal typically outperform as a "safety stock," the analyst tells investors in a research note. Blair believes market volatility will remain for the near term given tariff uncertainty and Department of Government Efficiency reducing government spending.
Brian Butler
Stifel
Hold
2025-01-21
Price Target
$86 → $82
Upside
+7.77%
Brian Butler
Stifel
Strong Buy → Hold
2024-12-11
Price Target
$86
Upside
+8.5%
