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 47, with a low estimate of 38 and a high estimate of 66. The average target predicts an increase of 21.67% from the current stock price of 38.63.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$38	$47	$45	$66
Change	-1.63%	+21.67%	+16.49%	+70.85%

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	Jun '24	Jul '24	Aug '24	Sep '24	Oct '24	Nov '24
Strong Buy	0	0	0	0	0	0
Buy	0	0	0	0	1	1
Hold	15	14	13	13	13	13
Sell	2	1	1	1	1	1
Strong Sell	0	0	0	0	0	0
Total	17	15	14	14	15	15

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Greg Melich Evercore ISI Group	Evercore ISI Group	Hold Maintains $60 → $45	Hold	Maintains	$60 → $45	+16.49%	Nov 20, 2024
Seth Basham Wedbush	Wedbush	Buy Reiterates $55	Buy	Reiterates	$55	+42.38%	Nov 15, 2024
Michael Baker DA Davidson	DA Davidson	Hold Maintains $45	Hold	Maintains	$45	+16.49%	Nov 15, 2024
Steven Shemesh RBC Capital	RBC Capital	Hold Maintains $46 → $50	Hold	Maintains	$46 → $50	+29.43%	Nov 15, 2024
Michael Lasser UBS	UBS	Hold Maintains $42 → $44	Hold	Maintains	$42 → $44	+13.90%	Nov 15, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

11.28B

Decreased by -0.05%

from 11.29B

Revenue Next Year

10.96B

Decreased by -2.86%

from 11.28B

EPS This Year

2.20

Increased by 340.90%

from 0.50

EPS Next Year

2.79

Increased by 26.37%

from 2.20

Fiscal Year	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 28, 2019	Jan 2, 2021	Jan 1, 2022	Dec 31, 2022	Dec 30, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	9.71B	10.11B	11.00B	11.15B	11.29B	11.28B	10.96B	11.06B
Revenue Growth	1.34%	4.09%	8.82%	1.43%	1.19%	-0.05%	-2.86%	0.91%
EPS	6.84	7.14	9.25	7.65	0.50	2.20	2.79	3.55
EPS Growth	19.37%	4.39%	29.55%	-17.30%	-93.46%	340.90%	26.37%	27.36%
Forward PE	-	-	-	-	-	17.52	13.87	10.89
No. Analysts	-	-	-	-	-	30	30	20

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

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	11.8B	12.2B	12.3B
Avg	11.3B	11.0B	11.1B
Low	10.1B	8.9B	9.0B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	4.7%	8.1%	12.5%
Avg	-0.0%	-2.9%	0.9%
Low	-10.9%	-21.3%	-18.0%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	3.76	4.42	5.86
Avg	2.20	2.79	3.55
Low	1.56	1.53	1.98

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	651.8%	100.7%	110.3%
Avg	340.9%	26.4%	27.4%
Low	211.1%	-30.7%	-28.9%

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.