Goldman Sachs Cuts AutoZone Price Target to $3,917.00

AutoZone's (NYSE:AZO) price target was lowered by The Goldman Sachs Group from $4,096.00 to $3,917.00 in a research report issued on Wednesday. This indicates a potential upside of 37.53% from the stock's previous close.

The firm currently has a 'buy' rating on AutoZone and believes that the company is on track to reverse course and recover its price.

Several other analysts have also revised their price targets for AutoZone in recent days, with TD Cowen cutting its target from $3,500.00 to $3,400.00, Guggenheim decreasing its target from $4,000.00 to $3,750.00, and Mizuho dropping its target from $3,200.00 to $3,000.00.

AutoZone reported a strong earnings beat in its fiscal fourth-quarter results, with diluted EPS reaching $56.05, up from $48.71 a year earlier and above consensus estimates.