Analysts raise price targets for Constellation Brands and Fastenal

what happened

Analysts from 22 firms lifted their average 12-month price target for Constellation Brands from $148.43 to $149.86, according to TradingView, which cites FactSet data. Forecasts range from $99 to $209 per share. Based on the October 15 close, the target implies about 16% upside. Consensus stays at Buy, with 16 Buy, 8 Hold and 2 Sell ratings among 26 analysts.

For Fastenal, twelve analysts nudged the average target up from $51.17 to $51.58, with estimates between $42 and $60. That implies roughly 2% upside from the October 15 close. The consensus holds at Hold across 21 analysts: 6 Buy, 8 Hold and 7 Sell ratings.

why it matters

Individual price target revisions usually have little effect on the broader market. For Constellation Brands, the gap between the average target and the current price is the key point, while for Fastenal, where the implied upside is minimal, the signal is neutral. This is not investment advice.

tags

instruments