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

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Baird has raised its price target for Fastenal (FAST) to $51 from $49, maintaining an Outperform rating. The company reported strong Q4 2025 results, with daily sales up over 11% and net sales reaching $2.03 billion, indicating a steady recovery throughout 2025 and continued market share gains despite sluggish industrial activity. Fastenal also saw an increase in contract customers and a growing adoption of its digital platforms for sales.

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