AutoZone (AZO) Stock Forecast & Price Target

$3,253.47 +38.18 (+1.19%)

(As of 12/20/2024 05:31 PM ET)

AutoZone - Analysts' Recommendations and Stock Price Forecast (2025)

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

Moderate 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 "Moderate Buy." Out of the 21 analysts, 1 has given a sell rating, 2 have given a hold rating, 15 have given a buy rating, and 3 have given a strong buy rating for AZO.

Consensus Price Target

$3,384.89
4.04% Upside

According to the 21 analysts' twelve-month price targets for AutoZone, the average price target is $3,384.89. The highest price target for AZO is $3,900.00, while the lowest price target for AZO is $2,600.00. The average price target represents a forecasted upside of 4.04% from the current price of $3,253.47.

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AZO Analyst Ratings Over Time

Type	Current Forecast 12/22/23 to 12/21/24	1 Month Ago 11/22/23 to 11/21/24	3 Months Ago 9/23/23 to 9/22/24	1 Year Ago 12/22/22 to 12/22/23
Strong Buy	3 Strong Buy rating(s)	4 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	15 Buy rating(s)	14 Buy rating(s)	14 Buy rating(s)	14 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)	1 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$3,384.89	$3,202.71	$3,129.44	$2,851.50
Forecasted Upside	4.04% Upside	4.29% Upside	3.60% Upside	9.22% Upside
Consensus Rating	Moderate 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	2.95	2.50	2.51
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	4.04% Upside	28.31% Upside	14.54% Upside
News Sentiment Rating	Neutral News See Recent AZO 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
12/16/2024	TD Cowen 5 of 5 stars		Boost Target	Buy ➝ Buy	$3,450.00 ➝ $3,800.00	+12.60%
12/13/2024	BMO Capital Markets 4 of 5 stars	T. Thomas-Martin Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform	$3,700.00	+10.59%
12/11/2024	Wells Fargo & Company 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$3,450.00 ➝ $3,750.00	+11.55%
12/11/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$3,500.00 ➝ $3,900.00	+16.06%
12/11/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$3,400.00 ➝ $3,450.00	+2.85%
12/11/2024	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$3,350.00 ➝ $3,750.00	+11.53%
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.
12/11/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$3,501.00 ➝ $3,753.00	+12.10%
12/11/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$3,350.00 ➝ $3,600.00	+7.53%
10/16/2024	Roth Mkm Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy	$3,634.00	+17.23%
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	Strong-Buy
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%
10/1/2024	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
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	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	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%
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%
5/11/2023	51job Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 07:19 AM 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 Sunday, December 15, 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, Inc. has recently seen a significant increase in institutional investment, with Stifel Financial Corp boosting its holdings by 7.6%, indicating strong confidence in the company's future performance.
The stock is currently trading at approximately $3,370.27, reflecting a robust market capitalization of around $56.97 billion, which suggests a solid position in the automotive parts industry.
Analysts have given AutoZone, Inc. a consensus rating of "Moderate Buy," with a majority assigning buy or strong buy ratings, which can be a positive indicator for potential investors.
Recent price target upgrades from various analysts, including a boost from Citigroup to $3,900.00, suggest that there is optimism about the company's growth prospects.
AutoZone, Inc. has demonstrated resilience with a relatively low beta of 0.71, indicating that its stock price is less volatile compared to the overall market, which can be appealing for risk-averse investors.

AutoZone
Bear Case

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

The stock has faced a downgrade from The Goldman Sachs Group, which lowered its rating from "buy" to "sell" and reduced the price target to $2,917.00, indicating potential concerns about future performance.
Insider selling has been notable, with significant shares sold by executives, which could signal a lack of confidence in the company's short-term outlook.
Despite recent positive movements, the stock has a P/E ratio of 22.52, which may suggest that it is overvalued compared to its earnings, potentially deterring value-focused investors.
AutoZone, Inc. operates in a competitive market, and any economic downturn could impact consumer spending on automotive parts, affecting sales and profitability.
With 92.74% of the stock owned by institutional investors, there is a risk that any significant sell-off by these investors could lead to increased volatility in the stock price.

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 $3,384.89, with a high forecast of $3,900.00 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 twelve months. There is currently 1 sell rating, 2 hold ratings, 15 buy ratings and 3 strong buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" AZO shares.
: According to analysts, AutoZone's stock has a predicted upside of 4.04% 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 BMO Capital Markets, BNP Paribas, Citigroup, DA Davidson, Evercore ISI, Guggenheim, Mizuho, Morgan Stanley, Redburn Atlantic, Roth Capital, Roth Mkm, TD Cowen, The Goldman Sachs Group, Truist Financial, UBS Group, and Wells Fargo & Company in the past 90 days.
: 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.

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This page (NYSE:AZO) was last updated on 12/21/2024 by MarketBeat.com Staff

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AutoZone (AZO) Stock Forecast & Price Target