AutoZone Shares Surge as Analyst Sets Bullish Price Target

Goldman Sachs has issued a substantially increased price target for AutoZone, raising it to $4,262. This new projection represents a potential 12.5 percent gain from the stock’s most recent closing price. The investment bank’s analysis suggests that the recent price pullback presents a compelling entry point for investors seeking exposure to the automotive parts retailer.

While AutoZone’s September quarterly results fell short of expectations—with revenue of $6.24 billion and earnings per share of $48.71 both missing forecasts—the company’s commercial segment continues to demonstrate remarkable strength. Market strategists at Goldman Sachs believe any softness in the do-it-yourself (DIY) category is likely temporary, with the dominant narrative being the company’s Read more...