DA Davidson Initiates Coverage of Fastenal Company (FAST)
Key takeaways
- DA Davidson initiated coverage of Fastenal Company (NASDAQ:FAST) with a Neutral rating on June 15 and set a price target of $46.
- Fastenal Company (NASDAQ:FAST) also received a rating update from Barclays on June 3.
- Fastenal Company (NASDAQ:FAST) is involved in the distribution of fasteners and tools.
DA Davidson Initiates Coverage of Fastenal Company (FAST) Noor Ul Ain Rehman Sun, June 28, 2026 at 2:09 AM GMT+7 1 min read FAST BARC.L Fastenal Company (NASDAQ:FAST) is one of the best low volatility stocks to buy under $50. DA Davidson initiated coverage of Fastenal Company (NASDAQ:FAST) with a Neutral rating on June 15 and set a price target of $46. It told investors in a research note that the company has exhibited the ability to post double-digit sales growth, well ahead of peers, and to be a "cross-cycle earnings compounder". However, the firm also stated that it considers the company's consensus estimates as slightly too high, primarily due to near-term margin challenges.
Fastenal Company (NASDAQ:FAST) also received a rating update from Barclays on June 3. The firm lifted the price target on the stock to $46 from $45 and reaffirmed an Equal Weight rating on the shares. Barclays stated that it raised the company's earnings estimates ahead of the May sales release, and that it anticipates Fastenal Company's (NASDAQ:FAST) May daily sales growth of 14.4% year-over-year.
Fastenal Company (NASDAQ:FAST) is involved in the distribution of fasteners and tools. The company also operates hardware stores.