AutoZone Stock Target Price and Analyst Consensus

AZO Stock  USD 3,152  41.14  1.29%   
The current analyst and expert consensus on AutoZone is Strong Buy with 6 buy recommendations. The current projected AutoZone target price consensus is 2849.75, with 29 analyst opinions. The most common way AutoZone analysts use to provide public buy-or-sell recommendation is financial statements analysis. They also talk to AutoZone executives, vendors, and/or customers. AutoZone buy-or-sell recommendation module provides average expert sentiment on the projected AutoZone target price to derive its highest and lowest estimates based on target price estimated volatility of 0.0. Check out Macroaxis Advice on AutoZone to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
To learn how to invest in AutoZone Stock, please use our How to Invest in AutoZone guide.
Lowest Forecast
2.6 K
Highest Forecast
3.2 K
Target Price
2.8 K
As of the 28th of March 2024, Gross Profit is likely to grow to about 11 B, while Pretax Profit Margin is likely to drop 0.11. At this time, AutoZone's Net Receivables is very stable compared to the past year. As of the 28th of March 2024, Liabilities And Stockholders Equity is likely to grow to about 19.3 B, while Short and Long Term Debt Total is likely to drop about 2.4 B.
  
It's important to approach AutoZone's target price projections with caution. While they can be useful as part of a broader investment strategy, they are inherently speculative and subject to various kinds of risk, including market volatility and unforeseen external factors. Always consider multiple aspects and do your own research when making investment decisions.

AutoZone Target Price Consensus

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. AutoZone target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. AutoZone's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
   29  Strong Buy
Most AutoZone analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand AutoZone stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of AutoZone, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice   Exposure   Valuation

AutoZone Target Price Projection

AutoZone's current and average target prices are 3,152 and 2,850, respectively. The current price of AutoZone is the price at which AutoZone is currently trading. On the other hand, AutoZone's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.

Current Price

AutoZone Market Quote on 28th of March 2024

Low Price3151.55Odds
High Price3198.59Odds

3151.65

Target Price

Analyst Consensus On AutoZone Target Price

Low Estimate2593.27Odds
High Estimate3163.22Odds

2849.75

Historical Lowest Forecast  2593.27 Target Price  2849.75 Highest Forecast  3163.22
Note that most analysts generally publish their price targets in research reports on specific companies, along with recommendations for the company's stock.Although price targets are often quoted in the financial news media, there could be a delay between the publication of the latest analyst outlook on AutoZone and the information provided on this page.

AutoZone Analyst Ratings

AutoZone's analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about AutoZone stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of AutoZone's financials, market performance, and future outlook by experienced professionals. AutoZone's historical ratings below, therefore, can serve as a valuable tool for investors.

Analyst Consensus Breakdown

Average Consensus Estimates

Analysts determine stock price targets through various methods, including financial modeling, peer comparison, and company analysis. The stock price target is the analyst's best estimate of the future price of a stock and is used by investors to make investment decisions. However, it is important to note that stock price targets are not guaranteed, and the actual price of a stock can differ significantly from the target due to various factors such as market conditions, economic events, and company developments.

Steps to utilize AutoZone price targets

AutoZone's stock target price is an estimate of its future price, usually made by analysts. Using AutoZone's target price to determine if it is a suitable investment can be done through the following steps:
  • Look at AutoZone's target prices provided by various analysts and compare them. This can help you gain a more balanced view of the Stock's potential.
  • Look at the analyst's track record to determine if they have a history of accurately predicting stock prices.
  • Look at the Company's financials, including revenue, earnings, and debt, to determine if it is in good financial health.
  • Consider market conditions. For example, take into account the state of the economy, competition, and regulatory environment, to determine if AutoZone's stock is likely to perform well.
  • Diversify your portfolio and do not rely solely on stock target prices to make investment decisions. Invest in a mix of stocks, bonds, and other assets to manage risk.
Remember that stock target prices are just estimates and are subject to change. Therefore, using them as one factor in a larger investment strategy is essential rather than relying solely on them to make decisions.

Additional AutoZone Value Projection Modules

Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of AutoZone is a key component of AutoZone valuation and have some predictive power on the future returns of a AutoZone.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of AutoZone's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
2,8743,2003,201
Details
Intrinsic
Valuation
LowRealHigh
2,8743,2173,219
Details
Naive
Forecast
LowNextHigh
3,0663,0673,069
Details
Earnings
Estimates (0)
LowProjected EPSHigh
33.6636.0638.45
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as AutoZone. Your research has to be compared to or analyzed against AutoZone's peers to derive any actionable benefits. When done correctly, AutoZone's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in AutoZone.

Trending Themes

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When determining whether AutoZone offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of AutoZone's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Autozone Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Autozone Stock:
Check out Macroaxis Advice on AutoZone to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
To learn how to invest in AutoZone Stock, please use our How to Invest in AutoZone guide.
Note that the AutoZone information on this page should be used as a complementary analysis to other AutoZone's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.

Complementary Tools for AutoZone Stock analysis

When running AutoZone's price analysis, check to measure AutoZone's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy AutoZone is operating at the current time. Most of AutoZone's value examination focuses on studying past and present price action to predict the probability of AutoZone's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AutoZone's price. Additionally, you may evaluate how the addition of AutoZone to your portfolios can decrease your overall portfolio volatility.
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The data published in AutoZone's official financial statements usually reflect AutoZone's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of AutoZone. For example, before you start analyzing numbers published by AutoZone accountants, it's critical to develop an understanding of what AutoZone's liquidity, profitability, and earnings quality are in the context of the Specialty Retail space in which it operates.
Please note, the presentation of AutoZone's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, AutoZone's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in AutoZone's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of AutoZone. Please utilize our Beneish M Score to check the likelihood of AutoZone's management manipulating its earnings.