Advance Auto Parts (AAP) Stock Forecast & Price Target

$77.07
-0.15 (-0.19%)
(As of 01:28 PM ET)

Advance Auto Parts Consensus Analyst Rating 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.

Analysts' Consensus Rating

Reduce
Based on 19 Analyst Ratings

Analysts' Consensus Price Target

$64.56
-16.23% Downside
High Forecast$78.00
Average Forecast$64.56
Low Forecast$43.00
TypeCurrent Forecast
4/24/23 to 4/23/24
1 Month Ago
3/25/23 to 3/24/24
3 Months Ago
1/24/23 to 1/24/24
1 Year Ago
4/24/22 to 4/24/23
Consensus Rating
Reduce
Reduce
Reduce
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
1 Strong Buy rating(s)
Buy
1 Buy rating(s)
1 Buy rating(s)
1 Buy rating(s)
3 Buy rating(s)
Hold
16 Hold rating(s)
16 Hold rating(s)
19 Hold rating(s)
13 Hold rating(s)
Sell
2 Sell rating(s)
2 Sell rating(s)
2 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$64.56$69.41$79.53$164.06
Predicted Upside-16.23% Downside5.23% Upside1.33% Upside9.31% Upside
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AAP Analyst Ratings 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.
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AAP 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.
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Advance Auto Parts Stock vs. The Competition

TypeAdvance Auto PartsRetail/Wholesale CompaniesS&P 500
Consensus Rating Score
1.95
2.42
2.49
Consensus RatingReduceHoldHold
Predicted Upside-16.39% Downside52.20% Upside11.07% Upside
News Sentiment RatingPositive News
Neutral News
Positive News

Recent Analyst Ratings and Stock Forecasts

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
4/16/2024Evercore ISI
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 Lower TargetIn-Line ➝ In-Line$82.00 ➝ $78.00+9.95%
4/2/2024Truist Financial
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 Boost TargetHold ➝ Hold$60.00 ➝ $70.00-18.06%
3/19/2024Mizuho
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 Initiated CoverageNeutral$78.00-7.37%
2/29/2024Royal Bank of Canada
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 Boost TargetSector Perform ➝ Sector Perform$47.00 ➝ $68.00+2.18%
2/29/2024JPMorgan Chase & Co.
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 Boost TargetNeutral ➝ Neutral$55.00 ➝ $68.00+2.44%
2/29/2024Barclays
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 Boost TargetEqual Weight ➝ Equal Weight$56.00 ➝ $66.00-1.43%
12/13/2023William Blair
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 Reiterated RatingMarket Perform
11/16/2023UBS Group
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 Lower TargetNeutral ➝ Neutral$75.00 ➝ $62.00+14.71%
11/16/2023Wedbush
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 Lower TargetNeutral ➝ Neutral$80.00 ➝ $60.00+11.50%
11/16/2023The Goldman Sachs Group
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 Lower TargetNeutral ➝ Neutral$83.00 ➝ $73.00+31.13%
11/16/2023Bank of America
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 DowngradeNeutral ➝ Underperform$60.00 ➝ $43.00-22.76%
11/13/2023Wells Fargo & Company
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 Lower TargetEqual Weight ➝ Equal Weight$70.00 ➝ $60.00+6.57%
10/27/2023Morgan Stanley
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 Lower TargetEqual Weight ➝ Equal Weight$75.00 ➝ $55.00+7.78%
10/10/2023TD Cowen
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 Initiated CoverageMarket Perform$55.00+7.15%
8/25/2023Stephens
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 Lower TargetEqual Weight ➝ Equal Weight$77.00 ➝ $71.00+4.55%
7/10/2023Atlantic Securities
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 DowngradeNeutral ➝ Underweight$130.00 ➝ $50.00-27.93%
6/28/2023Northcoast Research
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 Initiated CoverageNeutral
6/1/2023Citigroup
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 Lower Target$126.00 ➝ $76.00+4.21%
6/1/2023Raymond James
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 DowngradeStrong-Buy ➝ Market Perform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 01:48 PM ET.

AAP Price Target - Frequently Asked Questions

What is Advance Auto Parts's consensus rating and price target?

According to the issued ratings of 19 analysts in the last year, the consensus rating for Advance Auto Parts stock is Reduce based on the current 2 sell ratings, 16 hold ratings and 1 buy rating for AAP. The average twelve-month price prediction for Advance Auto Parts is $64.56 with a high price target of $78.00 and a low price target of $43.00. Learn more on AAP's analyst rating history.

Do Wall Street analysts like Advance Auto Parts more than its competitors?

Analysts like Advance Auto Parts less than other Retail/Wholesale companies. The consensus rating for Advance Auto Parts is Reduce while the average consensus rating for retail/wholesale companies is Hold. Learn more on how AAP compares to other companies.

Does Advance Auto Parts's stock price have much downside?

According to analysts, Advance Auto Parts's stock has a predicted downside of -1.75% based on their 12-month stock forecasts.

What analysts cover Advance Auto Parts?

Advance Auto Parts has been rated by Barclays, Evercore ISI, JPMorgan Chase & Co., Mizuho, Royal Bank of Canada, and Truist Financial in the past 90 days.


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This page (NYSE:AAP) was last updated on 4/23/2024 by MarketBeat.com Staff

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