Analysts Are Bullish On AutoZone (AZO)’s Shares

Core Viewpoint - AutoZone, Inc. (NYSE:AZO) is recognized as one of the best consumer cyclical stocks, with strong performance in the aftermarket auto parts distribution sector, particularly in the do-it-yourself (DIY) market [1][3]. Analyst Ratings - As of November 28, 19 out of 27 analysts rated AutoZone, Inc. (NYSE:AZO) shares as Buy, with four analysts giving a Strong Buy rating. The average price target for the shares is $4,579.13 [2]. Recent Analyst Actions - On November 13, Goldman Sachs upgraded AutoZone, Inc. (NYSE:AZO) from Neutral to Buy, raising the price target from $4,090 to $4,262, citing the company's scale advantages and strong DIY market performance [3]. Financial Performance - In the fiscal fourth quarter, AutoZone, Inc. (NYSE:AZO) reported a 2.2% growth in domestic DIY same-store sales, indicating a positive trend in market share growth [4]. Market Insights - CFO Jamere Jackson noted that AutoZone, Inc. (NYSE:AZO) is gaining market share in the domestic DIY sector, while CEO Philip Daniele highlighted that lower-income consumers are still under pressure, affecting discretionary merchandise sales [4].