Free Trial

AutoZone (AZO) Stock Forecast & Price Target

→ This could mean the end of the U.S dollar… (From Colonial Metals) (Ad)
Free AZO Stock Alerts
$2,777.54
+4.90 (+0.18%)
(As of 04:28 PM ET)
Compare
Stock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability

AutoZone - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 19 Analyst Ratings

Consensus Price Target

$3,053.94
9.95% Upside
High Forecast$3,394.00
Average Forecast$3,053.94
Low Forecast$2,465.00
TypeCurrent Forecast
5/24/23 to 5/23/24		1 Month Ago
4/24/23 to 4/23/24		3 Months Ago
2/23/23 to 2/23/24		1 Year Ago
5/24/22 to 5/24/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
1 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
14 Buy rating(s)
12 Buy rating(s)
13 Buy rating(s)
16 Buy rating(s)
Hold
4 Hold rating(s)
4 Hold rating(s)
4 Hold rating(s)
2 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$3,053.94$3,086.61$2,868.88$2,683.56
Forecasted Upside9.95% Upside9.72% Upside11.08% Upside12.82% Upside
Get AutoZone Upgrade and Downgrade Alerts

Sign-up to receive the latest news and ratings for AZO and its competitors with MarketBeat's FREE daily newsletter.

AZO Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
Skip Chart & View Analyst Rating History

AZO Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table

AutoZone Stock vs. The Competition

TypeAutoZoneRetail/Wholesale CompaniesS&P 500
Consensus Rating Score
2.84
2.42
2.49
Consensus RatingModerate BuyHoldHold
Predicted Upside9.98% Upside48.00% Upside10.48% Upside
News Sentiment RatingNeutral News
Positive News
Positive News

Recent Analyst Forecasts and Stock Ratings

Export to Excel
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
5/23/2024Barclays
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetOverweight ➝ Overweight$3,100.00 ➝ $3,024.00+9.07%
5/22/2024Citigroup
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetBuy ➝ Buy$3,420.00 ➝ $3,250.00+17.39%
5/22/2024Wedbush
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetOutperform ➝ Outperform$3,400.00 ➝ $3,200.00+15.19%
5/22/2024UBS Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetBuy ➝ Buy$3,465.00 ➝ $3,340.00+18.44%
5/22/2024Truist Financial
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetBuy ➝ Buy$3,523.00 ➝ $3,394.00+20.03%
5/22/2024Evercore ISI
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetOutperform ➝ Outperform$3,300.00 ➝ $3,250.00+14.94%
5/22/2024Wolfe Research
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetOutperform ➝ Outperform$3,150.00 ➝ $3,000.00+6.10%
5/22/2024Morgan Stanley
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetOverweight ➝ Overweight$3,100.00 ➝ $3,038.00+7.44%
5/22/2024Mizuho
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetBuy ➝ Buy$3,450.00 ➝ $3,280.00+16.00%
2/28/2024DA Davidson
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetNeutral ➝ Neutral$2,770.00 ➝ $3,025.00+1.00%
2/28/2024JPMorgan Chase & Co.
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOverweight ➝ Overweight$3,000.00 ➝ $3,200.00+6.67%
12/13/2023William Blair
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingOutperform
12/6/2023Stephens
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOverweight ➝ Overweight$3,000.00 ➝ $3,070.00+12.87%
12/6/2023Raymond James
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeOutperform ➝ Strong-Buy$2,850.00 ➝ $3,100.00+16.06%
10/10/2023TD Cowen
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Initiated CoverageOutperform$2,975.00+16.05%
10/6/2023Oppenheimer
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 DowngradeOutperform ➝ Market Perform$2,850.00 ➝ $2,600.00+3.06%
9/21/2023Argus
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuy ➝ Buy$2,775.00 ➝ $2,920.00+13.03%
6/28/2023Northcoast Research
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Initiated CoverageNeutral
6/27/202392 Resources
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingReiterates
6/1/20233M
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingUpgrade
6/1/2023Bank of America
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeUnderperform ➝ Neutral$2,120.00 ➝ $2,465.00+3.27%
5/23/2023The Goldman Sachs Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower Target$2,899.00 ➝ $2,840.00+15.29%
5/15/2023Wells Fargo & Company
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost Target$2,850.00 ➝ $3,000.00+9.93%
5/11/202351job
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingMaintains
2/28/2023Roth Capital
Subscribe to MarketBeat All Access for the recommendation accuracy rating		D. Bellinger
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated RatingBuy
1/9/2023Guggenheim
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeNeutral ➝ Buy$2,735.00+9.99%
12/7/2022MKM Partners
Subscribe to MarketBeat All Access for the recommendation accuracy rating		David Bellinger
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost TargetBuy ➝ Buy$2,350.00 ➝ $2,650.00+6.76%
9/22/2022Stifel Nicolaus
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingBuy ➝ Buy$2,450.00+17.12%
9/20/2022Jefferies Financial Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuy$2,350.00 ➝ $2,450.00+16.80%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 05:12 PM ET.

AZO Frequently Asked Questions

What is AutoZone's stock forecast and purchase recommendation?

According to the research reports of 19 Wall Street equities research analysts, the average twelve-month stock price forecast for AutoZone is $3,053.94, with a high forecast of $3,394.00 and a low forecast of $2,465.00. The consensus rating for AutoZone stock is Moderate Buy based on the current 4 hold ratings, 14 buy ratings and 1 strong buy rating for AZO. Learn more on AZO's analyst rating history.

Do Wall Street analysts like AutoZone more than its competitors?

Analysts like AutoZone more than other "retail/wholesale" companies. The consensus rating for AutoZone is Moderate Buy while the average consensus rating for "retail/wholesale" companies is Hold. Learn more on how AZO compares to other companies.

Does AutoZone's stock price have much upside?

According to analysts, AutoZone's stock has a predicted upside of 11.45% based on their 12-month stock forecasts.

What analysts cover AutoZone?

AutoZone has been rated by research analysts at Barclays, Citigroup, DA Davidson, Evercore ISI, JPMorgan Chase & Co., Mizuho, Morgan Stanley, Truist Financial, UBS Group, Wedbush, and Wolfe Research in the past 90 days.


Stock Forecasts and Research Tools

Related Companies:
Today's Ratings:
Top Rated Stocks:
More Ratings Tools:
This page (NYSE:AZO) was last updated on 5/23/2024 by MarketBeat.com Staff

From Our Partners
[FREE Ticket] 27 Crypto Experts Reveal Their #1 Picks
Crypto 101 Media
This could mean the end of the U.S dollar…
Colonial Metals
The Presidential candidate you should REALLY be worried about
Stansberry Research
Write this ticker symbol down…
StocksToTrade
**Breaking News** LIttle Known Biotech Company Does $41 Million In Q1!
Huge Alerts
Exposed: 10 CENT Crypto to Explode May 20th?
True Market Insiders
Trump’s “Tax Free” Retirement Strategy
Gold Safe Exchange
New Options need New Trading Strategies
Netpicks