Key Highlights

● AZO closed at $2,935.62 on 9 October 2026, and the $3,669.13 consensus target implies upside of roughly 25%.

● The consensus draws on 27 analysts, with targets from $3,000 to $4,487, while the second data set shows a $3,720 mean.

● Market data counts 20 Buy or Strong Buy ratings, seven Hold and no Sell, a Moderate Buy consensus.

● After the latest quarterly report, Raymond James, Truist, Guggenheim, Goldman Sachs and BMO Capital Markets lowered targets around 23 September, and Morgan Stanley downgraded the shares on 29 September.

AutoZone, Inc. (NYSE:AZO), a member of the S&P 500, closed at $2,935.62 on Friday 9 October 2026. The auto parts retailer has seen a wave of target reductions from brokers in recent weeks, even as the consensus rating remains positive.

What Is the Latest Analyst Price Target?

Market data puts the consensus 12-month price target at $3,669.13 from 27 analysts, roughly 25% above the close. Its range runs from $3,000 to $4,487. The second data set, using third-party data, shows an average of $3,720, a median of $3,648, a high of $4,800 and the same low of $3,000, also from 27 analysts. The market data mean sits close to the named broker targets published since mid-September, which mostly fall between $3,400 and $3,917.

What Are Wall Street Analysts Saying?

Market data records 20 Buy or Strong Buy ratings, seven Hold and no Sell, a Moderate Buy consensus. The second data set shows 18 Strong Buy, five Buy and four Hold. The direction of revisions, however, has been downward. Around 23 September, after the latest quarterly report, Raymond James lowered its target from $4,000 to $3,700, Truist from $3,817 to $3,648, Guggenheim from $4,000 to $3,750, Goldman Sachs from $4,096 to $3,917 and BMO Capital Markets from $4,000 to $3,500. Mizuho cut from $3,200 to $3,000 with a Neutral rating.

Later actions include JPMorgan lowering from $3,850 to $3,700 on 28 September and Bernstein initiating coverage with Outperform and a $3,698 target. On 29 September, Morgan Stanley downgraded the shares from Overweight to Market Perform. Earlier, on 10 September, Wells Fargo cut its target from $4,150 to $3,500.

What Could Help the Stock Reach the Price Target?

The second data set shows estimates of revenue growth of about 7% a year, with fiscal 2026 revenue of roughly $20.3 billion and fiscal 2027 of $21.8 billion, and earnings per share rising by about 12% in 2027. Market data also notes a $1.5 billion share repurchase authorisation from June 2026.

What Could Prevent the Stock Reaching the Target?

Market data reports that revenue for the quarter ended 22 September 2026 was $6.59 billion against a consensus of $6.70 billion, a miss, and that an independent research service has cut its forward earnings estimates. The wave of target cuts and the Morgan Stanley downgrade suggest that analysts have become more cautious. The lowest target of $3,000 is only slightly above the share price, so the range of opinion is wide. Consumer spending patterns and cost pressures are general risks.

What Should Investors Watch Next?

Watch whether further brokers follow Morgan Stanley in changing ratings, whether target cuts stabilise, and how the shares trade relative to the lower end of the range. Revisions to earnings estimates after the next report will also be informative.

AutoZone's Positive Ratings Meet a Quarterly Revenue Miss and a Wave of Cuts

AutoZone closed at $2,935.62 on 9 October 2026, with published consensus targets of about $3,670 to $3,720 implying upside of roughly 25% to 27%. The positive rating mix, with 20 Buy or Strong Buy ratings against seven Holds, now sits alongside downward revisions after revenue of $6.59 billion for the quarter ended 22 September fell short of a $6.70 billion consensus, and Morgan Stanley's downgrade to Market Perform. The lowest target of $3,000 is only slightly above the share price, while a $1.5 billion share repurchase authorisation from June 2026 is the supportive capital-return item.