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Wall Street Analysts Are Bullish on Top Industrial Goods Picks

Tipranks - Tipranks - Thu Jun 11, 8:28AM CDT

There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on Evolv Technologies Holdings (EVLV) and Fastenal Company (FAST) with bullish sentiments.

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Evolv Technologies Holdings (EVLV)

Lake Street analyst Eric Martinuzzi maintained a Buy rating on Evolv Technologies Holdings today and set a price target of $10.00. The company’s shares closed last Tuesday at $6.05.

According to TipRanks.com, Martinuzzi is a 5-star analyst with an average return of 10.4% and a 48.8% success rate. Martinuzzi covers the Technology sector, focusing on stocks such as SoundThinking Inc, One Stop Systems, and Cognyte Software. ;'>

Evolv Technologies Holdings has an analyst consensus of Strong Buy, with a price target consensus of $10.13, a 71.7% upside from current levels. In a report issued on May 27, TD Cowen also reiterated a Buy rating on the stock with a $10.00 price target.

See the top stocks recommended by analysts >>

Fastenal Company (FAST)

In a report released today, Ryan Merkel from William Blair maintained a Buy rating on Fastenal Company. The company’s shares closed last Tuesday at $46.58.

According to TipRanks.com, Merkel is a 4-star analyst with an average return of 5.2% and a 52.7% success rate. Merkel covers the Industrial Goods sector, focusing on stocks such as Madison Air Solutions Corp. Class A, Proficient Auto Logistics, Inc., and Global Industrial Company. ;'>

Fastenal Company has an analyst consensus of Moderate Buy, with a price target consensus of $48.50, representing a 4.8% upside. In a report issued on June 4, Jefferies also maintained a Buy rating on the stock with a $52.00 price target.

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