AutoZone (AZO) Showing Ambition Towards Accelerating Store Growth

AutoZone Inc (NYSE:AZO) is 1 of the best Auto Parts stocks according to Hedge Funds.

On December 18, Christopher Horvers from JPMorgan maintained his Overweight standing connected AutoZone Inc (NYSE:AZO), cutting down his terms people estimation from $4,850 to $4,100 successful the process. His revised people present leads to an upside imaginable of astir 11% astatine the existent level.

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Horvers kept his bullish outlook connected AutoZone Inc (NYSE:AZO), adjacent aft the company’s weaker-than-expected income figures reported for the 4th quarter. He besides emphasized management’s ambitions to widen resources towards the acceleration of store growth, which helium expects volition persist longer than antecedently anticipated. Despite identifying immoderate weather-related headwinds, fixed the company’s 2 polar vortexes, Horvers inactive remains affirmative connected the company’s prospects.

Back connected December 16, Wolfe Research expert Spencer Hanus had downgraded his standing connected AutoZone Inc (NYSE:AZO) from Outperform to Peer Perform.

However, the broader sentiment for the banal remains powerfully bullish. It has received Buy ratings from 17 of the 20 analysts covering it arsenic of the December 29 close. The banal offers a statement upside of implicit 16%, based connected a median 1-year people terms of $4,282.

AutoZone Inc (NYSE:AZO) operates retail stores and a organisation web for automotive replacement parts, non-automotive products, accessories, and attraction items. It offers products for cars, inferior vehicles, airy trucks, and vans, serving some DIY customers and commercialized repair centers. The institution manages a high-volume proviso concatenation web for its backstage brands specified arsenic Duralast.

While we admit the imaginable of AZO arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you’re looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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Disclosure: None. This nonfiction is primitively published astatine Insider Monkey.