Advance Auto Parts (AAP) News Today

Advance Auto Parts, Inc. (NYSE:AAP) shares have rallied as investors digest a string of analyst price-target increases, earnings commentary and updated estimates ahead of the next quarterly report.

• Raymond James raised its price target to $49.17 while maintaining a “Hold” rating, citing improved turnaround momentum.
• Bank of America boosted its AAP target to $39, pointing to solid progress in the company’s operational recovery.
• American Banking News noted other price-target increases to $50 and $47 from various brokerages, reflecting growing confidence.
• Evercore ISI and Raymond James both forecast strong upside potential for AAP shares over the medium term.
• Despite missing both revenue and earnings estimates, the stock jumped on earnings release as tariff concerns were allayed by management remarks.
• Advance Auto Parts carries an average “Hold” recommendation from 18 brokerages, according to MarketBeat.
• DA Davidson projects Q2 EPS of $0.47 and maintains a $47 price objective with a neutral rating.
• Equity analysts continue to set and revise Q2 earnings expectations as investors await the next report.
• William Blair trimmed its Q2 EPS estimate to $0.46 from $0.47, signaling slightly weaker near-term profitability.
• The latest quarter saw AAP miss on both top- and bottom-line consensus estimates.