Fastenal Company (NASDAQ:FAST) on Tuesday reported in-line earnings for the second quarter.

Earnings per share of 33 cents were in line with analyst expectations, while sales rose 14.7% year over year to $2.387 billion, beating the $2.338 billion estimate.

The company continues to expect 2026 capital spending of $310 million to $330 million. It now expects Digital Footprint sales to represent 63%–64% of annual sales and targets 27,000–29,000 weighted device signings.

Management said broader market conditions continued to improve, while it remained focused on pricing neutrality and managing the effects of tariffs.

Fastenal shares rose 2.8% to trade at $46.64 on Thursday.

These analysts made changes to their price targets on Fastenal following earnings announcement.

• Barclays analyst Guy Hardwick maintained the stock with an Equal-Weight rating and lowered the price target from $47 to $46.
• Morgan Stanley analyst Chris Snyder maintained Fastenal with an Equal-Weight rating and raised the price target from $48 to $52.

Considering buying FAST stock? Here’s what analysts think:

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