BofA Ups AutoZone Price Target Amid Growth Expectations

Published 2 hours agoAZO

BofA Ups AutoZone Price Target Amid Growth Expectations

Bank of America has recently revised its price target for AutoZone, elevating it to $3,700 from the previous $3,600, while maintaining a 'Neutral' rating on the stock. The update comes as the company demonstrates steady growth through its commercial programs and expansion of its hubs, though it faces challenges such as a lackluster retail DIY sector and a generally subdued industry growth outlook.

BofA's new price target is based on applying a 20x multiple to the projected fiscal year 2026 earnings per share. This valuation aligns with the broader trend of multiple expansion within the peer group. AutoZone's current stock performance supports this outlook, trading near its 52-week high of $3,256.37 and holding a market capitalization of $54.91 billion, according to Investing.com.

While AutoZone's commercial strategy and infrastructure investments show promise, these factors should be balanced with broader market analyses and other analyst opinions before investments are made. The company continues to navigate industry pressures, yet it remains a significant player in its sector.

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BofA Ups AutoZone Price Target Amid Growth Expectations

BofA Ups AutoZone Price Target Amid Growth Expectations

Bank of America has recently revised its price target for AutoZone, elevating it to $3,700 from the previous $3,600, while maintaining a 'Neutral' rating on the stock. The update comes as the company demonstrates steady growth through its commercial programs and expansion of its hubs, though it faces challenges such as a lackluster retail DIY sector and a generally subdued industry growth outlook. BofA's new price target is based on applying a 20x multiple to the projected fiscal year 2026 earnings per share. This valuation aligns with the broader trend of multiple expansion within the peer group. AutoZone's current stock performance supports this outlook, trading near its 52-week high of $3,256.37 and holding a market capitalization of $54.91 billion, according to Investing.com. While AutoZone's commercial strategy and infrastructure investments show promise, these factors should be balanced with broader market analyses and other analyst opinions before investments are made. The company continues to navigate industry pressures, yet it remains a significant player in its sector.

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