Advance Auto Stock Target Price and Analyst Consensus

AAP Stock  USD 85.09  0.23  0.27%   
The current analyst and expert consensus on Advance Auto is Hold with 23 hold recommendations. The current projected Advance Auto target price consensus is 68.61 with 30 analyst opinions. One of the most common ways Advance Auto Parts analysts use to provide buy-or-sell recommendation to the public are conference calls analysis and financial statements evaluations. Some experts can also talk to Advance Auto vendors, executives, and/or customers. Advance Auto recommendation module provides expert sentiment on the projected Advance Auto Parts target price to derive its highest and lowest estimates based on target price standard deviation of 0.0. Check out Macroaxis Advice on Advance Auto to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
Lowest Forecast
62.44
Highest Forecast
76.16
Target Price
68.61
As of 03/29/2024, Gross Profit is likely to drop to about 3.2 B. In addition to that, Pretax Profit Margin is likely to drop to 0.05. At this time, Advance Auto's Property Plant And Equipment Net is relatively stable compared to the past year. As of 03/29/2024, Current Deferred Revenue is likely to grow to about 181.5 M, while Other Assets are likely to drop 0.95.
  
It's important to approach Advance Auto's target price projections with caution. While they can be useful as part of a broader investment strategy, they are inherently speculative and subject to various kinds of risk, including market volatility and unforeseen external factors. Always consider multiple aspects and do your own research when making investment decisions.

Advance Auto Target Price Consensus

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Advance target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Advance Auto's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
   30  Hold
Most Advance analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand Advance stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of Advance Auto Parts, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice   Exposure   Valuation

Advance Auto Target Price Projection

Advance Auto's current and average target prices are 85.09 and 68.61, respectively. The current price of Advance Auto is the price at which Advance Auto Parts is currently trading. On the other hand, Advance Auto's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.

Current Price

Advance Auto Market Quote on 29th of March 2024

Low Price85.03Odds
High Price86.31Odds

85.09

Target Price

Analyst Consensus On Advance Auto Target Price

Low Estimate62.44Odds
High Estimate76.16Odds

68.61

Historical Lowest Forecast  62.44 Target Price  68.61 Highest Forecast  76.16
Note that most analysts generally publish their price targets in research reports on specific companies, along with recommendations for the company's stock.Although price targets are often quoted in the financial news media, there could be a delay between the publication of the latest analyst outlook on Advance Auto Parts and the information provided on this page.

Advance Auto Analyst Ratings

Advance Auto's analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about Advance Auto stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of Advance Auto's financials, market performance, and future outlook by experienced professionals. Advance Auto's historical ratings below, therefore, can serve as a valuable tool for investors.

Analyst Consensus Breakdown

Average Consensus Estimates

Analysts determine stock price targets through various methods, including financial modeling, peer comparison, and company analysis. The stock price target is the analyst's best estimate of the future price of a stock and is used by investors to make investment decisions. However, it is important to note that stock price targets are not guaranteed, and the actual price of a stock can differ significantly from the target due to various factors such as market conditions, economic events, and company developments.

Steps to utilize Advance Auto price targets

Advance Auto's stock target price is an estimate of its future price, usually made by analysts. Using Advance Auto's target price to determine if it is a suitable investment can be done through the following steps:
  • Look at Advance Auto's target prices provided by various analysts and compare them. This can help you gain a more balanced view of the Stock's potential.
  • Look at the analyst's track record to determine if they have a history of accurately predicting stock prices.
  • Look at the Company's financials, including revenue, earnings, and debt, to determine if it is in good financial health.
  • Consider market conditions. For example, take into account the state of the economy, competition, and regulatory environment, to determine if Advance Auto's stock is likely to perform well.
  • Diversify your portfolio and do not rely solely on stock target prices to make investment decisions. Invest in a mix of stocks, bonds, and other assets to manage risk.
Remember that stock target prices are just estimates and are subject to change. Therefore, using them as one factor in a larger investment strategy is essential rather than relying solely on them to make decisions.

Additional Advance Auto Value Projection Modules

Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of Advance Auto is a key component of Advance Auto valuation and have some predictive power on the future returns of a Advance Auto.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Advance Auto's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
82.9985.0987.19
Details
Intrinsic
Valuation
LowRealHigh
76.5893.4895.58
Details
Naive
Forecast
LowNextHigh
77.6179.7281.82
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.180.771.71
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Advance Auto. Your research has to be compared to or analyzed against Advance Auto's peers to derive any actionable benefits. When done correctly, Advance Auto's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Advance Auto Parts.

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When determining whether Advance Auto Parts is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Advance Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Advance Auto Parts Stock. Highlighted below are key reports to facilitate an investment decision about Advance Auto Parts Stock:
Check out Macroaxis Advice on Advance Auto to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon.
Note that the Advance Auto Parts information on this page should be used as a complementary analysis to other Advance Auto's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.

Complementary Tools for Advance Stock analysis

When running Advance Auto's price analysis, check to measure Advance Auto's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Advance Auto is operating at the current time. Most of Advance Auto's value examination focuses on studying past and present price action to predict the probability of Advance Auto's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Advance Auto's price. Additionally, you may evaluate how the addition of Advance Auto to your portfolios can decrease your overall portfolio volatility.
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The data published in Advance Auto's official financial statements usually reflect Advance Auto's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Advance Auto Parts. For example, before you start analyzing numbers published by Advance accountants, it's critical to develop an understanding of what Advance Auto's liquidity, profitability, and earnings quality are in the context of the Specialty Retail space in which it operates.
Please note, the presentation of Advance Auto's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Advance Auto's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Advance Auto's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Advance Auto Parts. Please utilize our Beneish M Score to check the likelihood of Advance Auto's management manipulating its earnings.