AutoZone Likely To Higher Q4 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

AutoZone, Inc. AZO is expected to report its financial results for its fourth quarter ended Aug. 26, 2023, before the opening bell on Sept. 19, 2023.

Analysts expect the company to post quarterly earnings at $45.12 per share, up from year-ago earnings of $40.51 per share. The company’s revenue might come in at $5.61 billion, compared to $5.35 billion in the year-ago period.

AutoZone shares fell 0.2% to trade at $2,525.75 on Monday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Stephens & Co. analyst Daniel Imbro reiterated AutoZone with an Overweight and maintained a $2,800 price target. of $5 on June 27, 2023. This analyst has an accuracy rate of 81.6%.
• UBS analyst Michael Lasser upgraded the stock from Neutral to Buy and raised the price target from $2,800 to $2,900 on June 16, 2023. This analyst has an accuracy rate of 77.1%.
• Truist Securities analyst Scot Ciccarelli maintained the stock with a Buy and raised the price target from $2,878 to $2,886 on May 24, 2023. This analyst has an accuracy rate of 72.5%.
• DA Davidson analyst Michael Baker maintained the stock with a Neutral and lowered the price target from $2,425 to $2,340 on May 24, 2023. This analyst has an accuracy rate of 74.8%.
• Wells Fargo analyst Zachary Fadem maintained the stock with an Overweight and increased the price target from $2,850 to $3,000 on May 15, 2023. This analyst has an accuracy rate of 75.5%.

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