Analysts have been eager to weigh in on the Industrial Goods sector with new ratings on Plug Power (PLUG – Research Report), Fastenal Company (FAST – Research Report) and Xometry (XMTR – Research Report).
Plug Power (PLUG)
BMO Capital analyst Ameet Thakkar maintained a Hold rating on Plug Power on January 17 and set a price target of $3.50. The company’s shares closed last Monday at $2.71, close to its 52-week low of $2.26.
According to TipRanks.com, Thakkar is ranked #8138 out of 8673 analysts.
Currently, the analyst consensus on Plug Power is a Hold with an average price target of $8.84, implying a 210.2% upside from current levels. In a report issued on January 11, Susquehanna also downgraded the stock to Hold with a $4.50 price target.
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Fastenal Company (FAST)
KeyBanc analyst Kenneth Newman maintained a Hold rating on Fastenal Company on January 19. The company’s shares closed last Monday at $69.52.
According to TipRanks.com, Newman is a 5-star analyst with an average return of
Fastenal Company has an analyst consensus of Hold, with a price target consensus of $69.20, representing a -0.6% downside. In a report issued on January 18, Stephens also maintained a Hold rating on the stock with a $63.00 price target.
Xometry (XMTR)
In a report issued on January 19, Nicholas Jones CFA from JMP Securities maintained a Buy rating on Xometry, with a price target of $42.00. The company’s shares closed last Monday at $32.81.
According to TipRanks.com, CFA is a 5-star analyst with an average return of
Xometry has an analyst consensus of Moderate Buy, with a price target consensus of $36.14, representing a 7.8% upside. In a report issued on January 19, Goldman Sachs also maintained a Buy rating on the stock with a $46.00 price target.
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