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AutoZone (AZO) Stock Forecast & Price Target

$2,984.11
-1.22 (-0.04%)
(As of 07/17/2024 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

Based on 18 Wall Street analysts who have issued ratings for AutoZone in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 18 analysts, 2 have given a hold rating, 15 have given a buy rating, and 1 has given a strong buy rating for AZO.

Consensus Price Target

$3,112.71
4.31% Upside
High Forecast$3,394.00
Average Forecast$3,112.71
Low Forecast$2,600.00

According to the 18 analysts' twelve-month price targets for AutoZone, the average price target is $3,112.71. The highest price target for AZO is $3,394.00, while the lowest price target for AZO is $2,600.00. The average price target represents a forecasted upside of 4.31% from the current price of $2,984.11.

TypeCurrent Forecast
7/18/23 to 7/17/24
1 Month Ago
6/18/23 to 6/17/24
3 Months Ago
4/19/23 to 4/18/24
1 Year Ago
7/18/22 to 7/18/23
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
15 Buy rating(s)
14 Buy rating(s)
12 Buy rating(s)
17 Buy rating(s)
Hold
2 Hold rating(s)
3 Hold rating(s)
4 Hold rating(s)
2 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$3,112.71$3,104.13$3,086.61$2,716.00
Forecasted Upside4.31% Upside12.03% Upside9.72% Upside13.30% Upside
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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.
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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.
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AutoZone Stock vs. The Competition

TypeAutoZoneRetail/Wholesale CompaniesS&P 500
Consensus Rating Score
2.94
2.46
2.50
Consensus RatingModerate BuyHoldModerate Buy
Predicted Upside4.65% Upside49.51% Upside7.55% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/10/2024Wedbush
3 of 5 stars
 Reiterated RatingOutperform ➝ Outperform$3,200.00 ➝ $3,200.00+13.34%
7/2/2024Evercore ISI
2 of 5 stars
 Lower TargetOutperform ➝ Outperform$3,278.00 ➝ $3,275.00+15.77%
6/26/2024Guggenheim
3 of 5 stars
 Boost TargetBuy ➝ Buy$3,150.00 ➝ $3,225.00+10.33%
6/26/2024Oppenheimer
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 Reiterated RatingMarket Perform ➝ Market Perform$2,600.00 ➝ $2,600.00-11.05%
5/23/2024Barclays
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 Lower TargetOverweight ➝ Overweight$3,100.00 ➝ $3,024.00+9.07%
5/22/2024Citigroup
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 Lower TargetBuy ➝ Buy$3,420.00 ➝ $3,250.00+17.39%
5/22/2024UBS Group
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 Lower TargetBuy ➝ Buy$3,465.00 ➝ $3,340.00+18.44%
5/22/2024Truist Financial
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 Lower TargetBuy ➝ Buy$3,523.00 ➝ $3,394.00+20.03%
5/22/2024Wolfe Research
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 Lower TargetOutperform ➝ Outperform$3,150.00 ➝ $3,000.00+6.10%
5/22/2024Morgan Stanley
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 Lower TargetOverweight ➝ Overweight$3,100.00 ➝ $3,038.00+7.44%
5/22/2024Mizuho
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 Lower TargetBuy ➝ Buy$3,450.00 ➝ $3,280.00+16.00%
2/28/2024DA Davidson
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 Boost TargetNeutral ➝ Neutral$2,770.00 ➝ $3,025.00+1.00%
2/28/2024JPMorgan Chase & Co.
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 Boost TargetOverweight ➝ Overweight$3,000.00 ➝ $3,200.00+6.67%
12/13/2023William Blair
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 Reiterated RatingOutperform
12/6/2023Stephens
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 Boost TargetOverweight ➝ Overweight$3,000.00 ➝ $3,070.00+12.87%
12/6/2023Raymond James
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 UpgradeOutperform ➝ Strong-Buy$2,850.00 ➝ $3,100.00+16.06%
10/10/2023TD Cowen
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 Initiated CoverageOutperform$2,975.00+16.05%
9/21/2023Argus
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 Boost TargetBuy ➝ Buy$2,775.00 ➝ $2,920.00+13.03%
6/28/2023Northcoast Research
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 Initiated CoverageNeutral
6/27/202392 Resources
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 Reiterated RatingReiterates
6/1/20233M
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 Reiterated RatingUpgrade
6/1/2023Bank of America
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 UpgradeUnderperform ➝ Neutral$2,120.00 ➝ $2,465.00+3.27%
5/23/2023The Goldman Sachs Group
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 Lower Target$2,899.00 ➝ $2,840.00+15.29%
5/15/2023Wells Fargo & Company
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 Boost Target$2,850.00 ➝ $3,000.00+9.93%
5/11/202351job
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 Reiterated RatingMaintains
2/28/2023Roth Capital
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D. Bellinger
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Reiterated RatingBuy
12/7/2022MKM Partners
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David Bellinger
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Boost TargetBuy ➝ Buy$2,350.00 ➝ $2,650.00+6.76%
9/22/2022Stifel Nicolaus
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 Reiterated RatingBuy ➝ Buy$2,450.00+17.12%
9/20/2022Jefferies Financial Group
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 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 Wednesday at 09:53 PM ET.

AZO Forecast - Frequently Asked Questions

What is AutoZone's forecast for 2024?

According to the research reports of 18 Wall Street equities research analysts, the average twelve-month stock price forecast for AutoZone is $3,112.71, with a high forecast of $3,394.00 and a low forecast of $2,600.00.

Should I buy or sell AutoZone stock right now?

18 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for AutoZone in the last year. There are currently 2 hold ratings, 15 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" AZO shares.

Does AutoZone's stock price have much upside?

According to analysts, AutoZone's stock has a predicted upside of 10.93% based on their 12-month stock forecasts.

What analysts cover AutoZone?

AutoZone has been rated by research analysts at Barclays, Citigroup, Evercore ISI, Guggenheim, Mizuho, Morgan Stanley, Oppenheimer, Truist Financial, UBS Group, Wedbush, and Wolfe Research in the past 90 days.

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.


This page (NYSE:AZO) was last updated on 7/17/2024 by MarketBeat.com Staff

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