In a recent update, Guggenheim analyst Steven Forbes has maintained a "Buy" rating on AutoZone (AZO, Financial) while raising the price target from $3,850 to $4,100. This represents a price target increase of 6.49%.
The new price target comes as part of Guggenheim's continual reassessment of AutoZone's market position and growth potential. The analyst's decision to maintain the current "Buy" rating reflects confidence in the company's ongoing operations and future prospects.
AutoZone (AZO, Financial) remains under observation by investors following this upward adjustment in its price target, as analysts signal potential for continued stock value growth.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 22 analysts, the average target price for AutoZone Inc (AZO, Financial) is $4,054.14 with a high estimate of $4,850.00 and a low estimate of $2,896.05. The average target implies an upside of 7.03% from the current price of $3,787.75. More detailed estimate data can be found on the AutoZone Inc (AZO) Forecast page.
Based on the consensus recommendation from 29 brokerage firms, AutoZone Inc's (AZO, Financial) average brokerage recommendation is currently 1.9, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for AutoZone Inc (AZO, Financial) in one year is $3428.34, suggesting a downside of 9.49% from the current price of $3787.75. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the AutoZone Inc (AZO) Summary page.
