Advance Auto Parts, Inc. (AAP)

Advance Auto Parts Stock Forecast

Stock Price Forecast

The 14 analysts with 12-month price forecasts for Advance Auto Parts stock have an average target of 64.14, with a low estimate of 55 and a high estimate of 73. The average target predicts an increase of 7.58% from the current stock price of 59.62.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$55	$64.14	$65	$73
Change	-7.75%	+7.58%	+9.02%	+22.44%

Analyst Ratings

The average analyst rating for AAP stock from 15 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Feb '24	Mar '24	Apr '24	May '24	Jun '24	Jul '24
Strong Buy	0	0	0	0	0	0
Buy	0	0	0	0	0	0
Hold	19	18	18	18	15	14
Sell	2	2	2	2	2	1
Strong Sell	0	0	0	0	0	0
Total	21	20	20	20	17	15

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Greg Melich Evercore ISI Group	Evercore ISI Group	Hold Maintains $70 → $68	Hold	Maintains	$70 → $68	+14.06%	Jul 16, 2024
Greg Melich Evercore ISI Group	Evercore ISI Group	Hold Maintains $73 → $70	Hold	Maintains	$73 → $70	+17.41%	Jul 2, 2024
Greg Melich Evercore ISI Group	Evercore ISI Group	Hold Maintains $72 → $73	Hold	Maintains	$72 → $73	+22.44%	Jun 20, 2024
David Bellinger Mizuho	Mizuho	Hold Maintains $78 → $64	Hold	Maintains	$78 → $64	+7.35%	Jun 10, 2024
Steven Shemesh RBC Capital	RBC Capital	Hold Maintains $68 → $65	Hold	Maintains	$68 → $65	+9.02%	May 30, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

11.42B

Increased by 1.18%

from 11.29B

Revenue Next Year

11.61B

Increased by 1.64%

from 11.42B

EPS This Year

3.71

Increased by 642.74%

from 0.50

EPS Next Year

4.48

Increased by 20.56%

from 3.71

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	9.71B	10.11B	11.00B	11.15B	11.29B	11.42B	11.61B	11.85B	12.02B	12.32B
Revenue Growth	1.34%	4.09%	8.82%	1.43%	1.19%	1.18%	1.64%	2.10%	1.40%	2.49%
EPS	6.84	7.14	9.25	7.65	0.50	3.71	4.48	5.17	6.60	7.38
EPS Growth	19.37%	4.39%	29.55%	-17.30%	-93.46%	642.74%	20.56%	15.38%	27.77%	11.78%
Forward PE	-	-	-	-	-	16.05	13.32	11.54	9.03	8.08
No. Analysts	-	-	-	-	-	30	30	17	3	3

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	11.9B	12.3B	12.6B	12.7B	13.0B
Avg	11.4B	11.6B	11.9B	12.0B	12.3B
Low	11.0B	11.1B	11.1B	11.5B	11.7B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	5.6%	7.5%	8.4%	6.8%	8.4%
Avg	1.2%	1.6%	2.1%	1.4%	2.5%
Low	-2.3%	-3.0%	-4.0%	-3.3%	-2.3%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	4.05	5.77	6.27	7.26	7.83
Avg	3.71	4.48	5.17	6.60	7.38
Low	3.22	3.66	4.09	6.04	7.01

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	710.6%	55.4%	40.0%	40.5%	18.7%
Avg	642.7%	20.6%	15.4%	27.8%	11.8%
Low	544.8%	-1.6%	-8.7%	16.9%	6.2%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.