Key Takeaways:
- AutoZone (AZO, Financial) appoints Rivian's CFO, Claire Rauh McDonough, to its board, sparking a 5% rise in after-hours stock trading.
- Wall Street analysts set an average target price for AutoZone at $3,826.73, suggesting potential for a 4.78% upside.
- GuruFocus projects a GF Value estimate indicating a 6.9% downside from the current share price.
AutoZone (AZO) recently announced the appointment of Claire Rauh McDonough, Chief Financial Officer of Rivian (RIVN), to its board of directors, expanding the board's membership to ten. This strategic move was well-received by investors, as evidenced by a 5% increase in AutoZone's share price during after-hours trading on Wednesday.
Wall Street Analysts' Projections
According to forecasts from 22 analysts, AutoZone Inc (AZO, Financial) has a one-year average price target of $3,826.73. Analysts predict a high of $4,192.00 and a low of $2,896.05, suggesting a potential upside of 4.78% from the current stock price of $3,652.11. For comprehensive pricing details, visit the AutoZone Inc (AZO) Forecast page.
Analyst Recommendations
Thirty brokerage firms have provided a consensus recommendation for AutoZone Inc (AZO, Financial), with an average rating of 2.0. This indicates an "Outperform" status on the rating scale, which ranges from 1 (Strong Buy) to 5 (Sell). AutoZone's performance demonstrates strong market confidence.
Valuation Insights via GuruFocus
On the valuation front, GuruFocus provides an estimated GF Value for AutoZone Inc (AZO, Financial) of $3,400.17 over the next year. This suggests a potential downside of 6.9% from the current price of $3,652.11. The GF Value is GuruFocus' approximation of a stock's fair value, calculated based on historical trading multiples, past and projected business growth, and future performance estimates. For further analysis, visit the AutoZone Inc (AZO) Summary page.
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