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Advance Auto Parts (AAP) Stock Forecast & Price Target

$62.92
+1.43 (+2.33%)
(As of 07/12/2024 ET)

Advance Auto Parts - 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

Consensus Price Target

$64.79
2.97% Upside
High Forecast$73.00
Average Forecast$64.79
Low Forecast$55.00
TypeCurrent Forecast
7/14/23 to 7/13/24
1 Month Ago
6/14/23 to 6/13/24
3 Months Ago
4/15/23 to 4/14/24
1 Year Ago
7/14/22 to 7/14/23
Consensus Rating
Reduce
Reduce
Reduce
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
0 Buy rating(s)
0 Buy rating(s)
1 Buy rating(s)
2 Buy rating(s)
Hold
14 Hold rating(s)
15 Hold rating(s)
16 Hold rating(s)
17 Hold rating(s)
Sell
1 Sell rating(s)
2 Sell rating(s)
2 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$64.79$63.93$70.47$96.26
Forecasted Upside2.97% Upside0.66% Upside3.09% Upside-8.25% Downside
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AAP 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.
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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
1.93
2.46
2.50
Consensus RatingReduceHoldModerate Buy
Predicted Upside2.97% Upside53.47% Upside9.17% Upside
News Sentiment RatingNeutral News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/2/2024Evercore ISI
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 Lower TargetIn-Line ➝ In-Line$73.00 ➝ $70.00+16.69%
6/10/2024Mizuho
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 Lower TargetNeutral ➝ Neutral$78.00 ➝ $64.00-0.90%
5/30/2024Royal Bank of Canada
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 Lower TargetSector Perform ➝ Sector Perform$68.00 ➝ $65.00-2.08%
5/30/2024Bank of America
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 Boost TargetUnderperform ➝ Underperform$51.00 ➝ $55.00-17.12%
5/30/2024Truist Financial
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 Lower TargetHold ➝ Hold$70.00 ➝ $63.00+0.77%
5/28/2024UBS Group
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 Boost TargetNeutral ➝ Neutral$68.00 ➝ $72.00+1.24%
5/24/2024Wedbush
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 Reiterated RatingNeutral ➝ Neutral$70.00 ➝ $70.00+0.20%
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
11/16/2023The Goldman Sachs Group
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 Lower TargetNeutral ➝ Neutral$83.00 ➝ $73.00+31.13%
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
3/13/2023Argus
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 DowngradeBuy ➝ Hold
3/1/2023DA Davidson
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 Lower TargetNeutral$170.00 ➝ $142.00+0.37%
2/13/2023Roth Capital
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D. Bellinger
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Reiterated RatingBuy ➝ Neutral$180.00 ➝ $140.00-7.77%
2/13/2023Roth Mkm
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 DowngradeBuy ➝ Neutral$180.00 ➝ $140.00-7.77%
11/17/2022Guggenheim
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 DowngradeBuy ➝ Neutral

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 09:59 PM ET.

AAP Forecast - Frequently Asked Questions

What is Advance Auto Parts' forecast for 2024?

According to the research reports of 15 Wall Street equities research analysts, the average twelve-month stock price forecast for Advance Auto Parts is $64.79, with a high forecast of $73.00 and a low forecast of $55.00.

Should I buy or sell Advance Auto Parts stock right now?

15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Advance Auto Parts in the last year. There is currently 1 sell rating and 14 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" AAP shares.

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

According to analysts, Advance Auto Parts's stock has a predicted upside of 3.49% based on their 12-month stock forecasts.

What analysts cover Advance Auto Parts?

Advance Auto Parts has been rated by research analysts at Bank of America, Evercore ISI, Mizuho, Royal Bank of Canada, Truist Financial, UBS Group, and Wedbush in the past 90 days.

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.


This page (NYSE:AAP) was last updated on 7/13/2024 by MarketBeat.com Staff

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