Advance Auto Parts (AAP) Stock Forecast & Price Target

$38.63 +0.13 (+0.34%)

(As of 11/20/2024 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

Hold

Based on 16 Analyst Ratings

Sell
1

Hold
14

Buy
1

Based on 16 Wall Street analysts who have issued ratings for Advance Auto Parts in the last 12 months, the stock has a consensus rating of "Hold." Out of the 16 analysts, 1 has given a sell rating, 14 have given a hold rating, and 1 has given a buy rating for AAP.

Consensus Price Target

$48.64
25.92% Upside

According to the 16 analysts' twelve-month price targets for Advance Auto Parts, the average price target is $48.64. The highest price target for AAP is $66.00, while the lowest price target for AAP is $38.00. The average price target represents a forecasted upside of 25.92% from the current price of $38.63.

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AAP Analyst Ratings Over Time

Type	Current Forecast 11/22/23 to 11/21/24	1 Month Ago 10/23/23 to 10/22/24	3 Months Ago 8/24/23 to 8/23/24	1 Year Ago 11/22/22 to 11/22/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	1 Buy rating(s)	1 Buy rating(s)	0 Buy rating(s)	1 Buy rating(s)
Hold	14 Hold rating(s)	14 Hold rating(s)	14 Hold rating(s)	18 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$48.64	$55.86	$60.86	$84.80
Forecasted Upside	25.92% Upside	44.15% Upside	23.84% Upside	61.19% Upside
Consensus Rating	Hold	Hold	Reduce	Reduce

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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.

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.

Advance Auto Parts Stock vs. The Competition

Type	Advance Auto Parts	Retail/Wholesale Companies	S&P 500
Consensus Rating Score	2.00	2.51	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	25.92% Upside	30.48% Upside	9.81% Upside
News Sentiment Rating	Neutral News See Recent AAP News	Positive 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
11/20/2024	Evercore ISI 2 of 5 stars		Boost Target	In-Line ➝ Hold	$45.00 ➝ $60.00	+55.48%
11/15/2024	DA Davidson 3 of 5 stars		Reiterated Rating	Neutral ➝ Neutral	$45.00 ➝ $45.00	+17.83%
11/15/2024	Wedbush 4 of 5 stars	S. Basham Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform ➝ Outperform	$55.00 ➝ $55.00	+44.02%
11/15/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$41.00 ➝ $39.00	+1.35%
11/15/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$42.00 ➝ $44.00	+14.35%
11/15/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$60.00 ➝ $43.00	+4.50%
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11/11/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sector Perform ➝ Sector Perform	$52.00 ➝ $46.00	+17.65%
10/16/2024	Roth Mkm Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral	$40.00	+1.32%
10/15/2024	Roth Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Stember Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold
9/13/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$50.00 ➝ $40.00	-1.62%
9/12/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral ➝ Neutral	$45.00 ➝ $38.00	-1.96%
8/23/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$65.00 ➝ $55.00	+7.63%
8/16/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$68.00 ➝ $55.00	-11.84%
5/30/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underperform ➝ Underperform	$51.00 ➝ $55.00	-17.12%
2/29/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$56.00 ➝ $66.00	-1.43%
12/13/2023	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Market Perform
10/27/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$75.00 ➝ $55.00	+7.78%
8/25/2023	Stephens Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$77.00 ➝ $71.00	+4.55%
7/10/2023	Atlantic Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Neutral ➝ Underweight	$130.00 ➝ $50.00	-27.93%
6/28/2023	Northcoast Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral
6/1/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$126.00 ➝ $76.00	+4.21%
6/1/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Strong-Buy ➝ Market Perform
3/13/2023	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 08:53 AM ET.

AAP Forecast - Frequently Asked Questions

: According to the research reports of 16 Wall Street equities research analysts, the average twelve-month stock price forecast for Advance Auto Parts is $48.64, with a high forecast of $66.00 and a low forecast of $38.00.
: 16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Advance Auto Parts in the last twelve months. There is currently 1 sell rating, 14 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" AAP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AAP, but not buy additional shares or sell existing shares.
: According to analysts, Advance Auto Parts's stock has a predicted upside of 25.92% based on their 12-month stock forecasts.
: Over the previous 90 days, Advance Auto Parts's stock had 2 upgrades by analysts.
: Advance Auto Parts has been rated by research analysts at DA Davidson, Evercore ISI, Mizuho, Roth Capital, Roth Mkm, Royal Bank of Canada, TD Cowen, The Goldman Sachs Group, Truist Financial, UBS Group, Wedbush, and Wells Fargo & Company in the past 90 days.
: Analysts like Advance Auto Parts less than other "retail/wholesale" companies. The consensus rating for Advance Auto Parts is Hold while the average consensus rating for "retail/wholesale" companies is Moderate Buy. Learn more on how AAP compares to other companies.

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This page (NYSE:AAP) was last updated on 11/21/2024 by MarketBeat.com Staff

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Advance Auto Parts (AAP) Stock Forecast & Price Target