Analysts Are Bullish on These Services Stocks: FAST, Z

By Ryan Adsit

There’s a lot to be optimistic about in the Services sector as 2 analysts just weighed in on Fastenal Company (NASDAQ: FAST) and Zillow Group Inc (NASDAQ: Z) with bullish sentiments.

Fastenal Company (NASDAQ: FAST)

In a report released yesterday, Steve Barger from KeyBanc reiterated a Buy rating on Fastenal Company (NASDAQ: FAST), with a price target of $58. The company’s shares opened today at $50.87.

According to TipRanks.com, Barger is a 5-star analyst with an average return of 22.7% and a 63.2% success rate. Barger covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Federal Signal Corp, and Oshkosh Corp.

Currently, the analyst consensus on Fastenal Company is Moderate Buy and the average price target is $56.90, representing an 11.9% upside.

In a report issued on April 11, Stephens also reiterated a Buy rating on the stock with a $60 price target.
Zillow Group Inc (NASDAQ: Z)

In a report released yesterday, Brad Erickson from KeyBanc reiterated a Buy rating on Zillow Group Inc (NASDAQ: Z), with a price target of $63. The company’s shares opened today at $48.84.

Erickson has an average return of 4.3% when recommending Zillow Group Inc.

According to TipRanks.com, Erickson is ranked #3245 out of 4771 analysts.

Currently, the analyst consensus on Zillow Group Inc is Moderate Buy and the average price target is $58.20, representing a 19.2% upside.

In a report released today, Benchmark Co. also maintained a Buy rating on the stock with a $64 price target.

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