AutoZone (AZO) Stock Forecast & Price Target

$3,110.12 -40.06 (-1.27%)

(As of 11/8/2024 ET)

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

Buy

Based on 21 Analyst Ratings

Sell
1

Hold
2

Buy
18

Based on 21 Wall Street analysts who have issued ratings for AutoZone in the last 12 months, the stock has a consensus rating of "Buy." Out of the 21 analysts, 1 has given a sell rating, 2 have given a hold rating, 14 have given a buy rating, and 4 have given a strong buy rating for AZO.

Consensus Price Target

$3,202.71
2.98% Upside

According to the 21 analysts' twelve-month price targets for AutoZone, the average price target is $3,202.71. The highest price target for AZO is $3,634.00, while the lowest price target for AZO is $2,600.00. The average price target represents a forecasted upside of 2.98% from the current price of $3,110.12.

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AZO Analyst Ratings Over Time

Type	Current Forecast 11/11/23 to 11/10/24	1 Month Ago 10/12/23 to 10/11/24	3 Months Ago 8/13/23 to 8/12/24	1 Year Ago 11/11/22 to 11/11/23
Strong Buy	4 Strong Buy rating(s)	3 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	14 Buy rating(s)	13 Buy rating(s)	15 Buy rating(s)	15 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)	4 Hold rating(s)
Sell	1 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$3,202.71	$3,182.33	$3,112.71	$2,793.95
Forecasted Upside	2.98% Upside	1.68% Upside	-1.15% Downside	3.39% Upside
Consensus Rating	Buy	Buy	Moderate Buy	Moderate Buy

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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.

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.

AutoZone Stock vs. The Competition

Type	AutoZone	Retail/Wholesale Companies	S&P 500
Consensus Rating Score	3.00	2.51	2.50
Consensus Rating	Buy	Moderate Buy	Hold
Predicted Upside	2.98% Upside	25.32% Upside	7.32% Upside
News Sentiment Rating	Positive News See Recent AZO News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/16/2024	Roth Mkm 1 of 5 stars		Reiterated Rating	Buy	$3,634.00	+17.23%
10/15/2024	Roth Capital 3 of 5 stars	S. Stember Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
10/14/2024	Truist Financial 2 of 5 stars		Boost Target	Buy ➝ Buy	$3,341.00 ➝ $3,501.00	+12.85%
10/14/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	K. Mcshane Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Sell	$3,205.00 ➝ $2,917.00	-6.80%
10/3/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$3,300.00 ➝ $3,350.00	+9.56%
10/1/2024	Redburn Atlantic Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Hudson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
Get the Latest News and Ratings for AZO and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for AutoZone and its competitors with MarketBeat's FREE daily newsletter.
9/30/2024	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral ➝ Neutral	$3,025.00 ➝ $3,025.00	-4.78%
9/25/2024	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Bottiglieri Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
9/25/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$3,787.00 ➝ $3,500.00	+12.59%
9/25/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$3,340.00 ➝ $3,500.00	+13.20%
9/25/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$3,280.00 ➝ $3,350.00	+8.35%
9/25/2024	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$3,225.00 ➝ $3,350.00	+8.35%
9/25/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$3,038.00 ➝ $3,125.00	+1.53%
9/19/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$3,200.00 ➝ $3,200.00	+4.07%
6/26/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Market Perform ➝ Market Perform	$2,600.00 ➝ $2,600.00	-11.05%
5/23/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$3,100.00 ➝ $3,024.00	+9.07%
5/22/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$3,150.00 ➝ $3,000.00	+6.10%
2/28/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$3,000.00 ➝ $3,200.00	+6.67%
12/13/2023	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform
12/6/2023	Stephens Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$3,000.00 ➝ $3,070.00	+12.87%
12/6/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Outperform ➝ Strong-Buy	$2,850.00 ➝ $3,100.00	+16.06%
10/10/2023	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$2,975.00	+16.05%
9/21/2023	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$2,775.00 ➝ $2,920.00	+13.03%
6/28/2023	Northcoast Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral
6/27/2023	92 Resources Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Reiterates
6/1/2023	3M Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Upgrade
6/1/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underperform ➝ Neutral	$2,120.00 ➝ $2,465.00	+3.27%
5/15/2023	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$2,850.00 ➝ $3,000.00	+9.93%
5/11/2023	51job Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
12/7/2022	MKM Partners Subscribe to MarketBeat All Access for the recommendation accuracy rating	David Bellinger Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$2,350.00 ➝ $2,650.00	+6.76%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 02:22 PM ET.

Should I Buy AutoZone Stock? AZO Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, October 24, 2024. Please send any questions or comments about these AutoZone pros and cons to contact@marketbeat.com.

AutoZone
Bull Case

Here are some ways that investors could benefit from investing in AutoZone, Inc.:

AutoZone's revenue for the quarter was up 9.0% on a year-over-year basis, indicating strong growth potential.
Equities analysts predict that AutoZone, Inc. will post 151.08 earnings per share for the current year, showing positive earnings outlook.
Recent institutional inflows from large investors like Rafferty Asset Management LLC, Envestnet Asset Management Inc., and Vinva Investment Management Ltd, suggest confidence in the company's performance.
AutoZone has a consensus rating of "Moderate Buy" and an average price target of $3,169.38, indicating positive sentiment from analysts.
AutoZone's stock price performance has been strong, with a 12-month high of $3,256.37, reflecting potential for capital appreciation.

AutoZone
Bear Case

Investors should be bearish about investing in AutoZone, Inc. for these reasons:

AutoZone's stock has a price-to-earnings ratio of 22.07, which may indicate the stock is relatively expensive compared to its earnings.
While the company has seen revenue growth, the price-to-earnings-growth ratio of 1.43 suggests that the stock may be overvalued relative to its growth prospects.
Insiders, such as VP John Scott Murphy, have been selling shares, which could be seen as a lack of confidence in the company's future performance.
Some analysts have lowered their target prices for AutoZone, indicating potential concerns about the company's future valuation.
Despite positive analyst ratings, there are still some hold ratings on the stock, suggesting mixed opinions on its future performance.

AZO Forecast - Frequently Asked Questions

: According to the research reports of 21 Wall Street equities research analysts, the average twelve-month stock price forecast for AutoZone is $3,202.71, with a high forecast of $3,634.00 and a low forecast of $2,600.00.
: 21 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for AutoZone in the last year. There is currently 1 sell rating, 2 hold ratings, 14 buy ratings and 4 strong buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" AZO shares.
: According to analysts, AutoZone's stock has a predicted upside of 2.98% based on their 12-month stock forecasts.
: Over the previous 90 days, AutoZone's stock had 3 upgrades and 1 downgrade by analysts.
: AutoZone has been rated by research analysts at BNP Paribas, Citigroup, DA Davidson, Evercore ISI, Guggenheim, Mizuho, Morgan Stanley, Redburn Atlantic, Roth Capital, Roth Mkm, The Goldman Sachs Group, Truist Financial, UBS Group, and Wedbush in the past 90 days.
: Analysts like AutoZone more than other "retail/wholesale" companies. The consensus rating for AutoZone is Buy while the average consensus rating for "retail/wholesale" companies is Moderate Buy. Learn more on how AZO compares to other companies.

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This page (NYSE:AZO) was last updated on 11/10/2024 by MarketBeat.com Staff

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AutoZone (AZO) Stock Forecast & Price Target