01:35 AM EDT, 06/10/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

In May 2025, FAST shares underwent a 2-for-1 stock split - doubling the company's share count to 1.15 billion. We adjust our 12-month target to $40 from $80 as a result of the split, valuing shares at 34.2x our 2026 EPS outlook, which is above the company's long-term historical multiple average given momentum in customer wins. Our 2026 EPS forecast is adjusted to $1.16 from $2.32 (half of previous estimate) and 2025 EPS estimate trimmed to $1.07 from $2.15. The split will help make FAST shares more accessible to a wider range of investors, though we don't believe the $80 share price was necessarily a meaningful obstacle for investors. We remain neutral on shares as FAST displays solid execution on market share expansion amid an uneven demand backdrop.