Wells Fargo (NYSE:WFC) analyst Zachary Fadem maintained a Buy rating on AutoZone (NYSE:AZO) on Tuesday, setting a price target of $2200, which is approximately 17.02% above the present share price of $1879.99.
Fadem expects AutoZone to post earnings per share (EPS) of $36.72 for the fourth quarter of 2021.
The current consensus among 14 TipRanks analysts is for a Moderate Buy rating of shares in AutoZone, with an average price target of $1852.14.
The analysts price targets range from a high of $2200 to a low of $1490.
In its latest earnings report, released on 08/31/2021, the company reported a quarterly revenue of $4.91 billion and a net profit of $1.04 billion. The company's market cap is $39.42 billion.
According to TipRanks.com, Wells Fargo analyst Zachary Fadem is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 27.0% and a 73.25% success rate.
Incorporated in 1979, Tennessee-based AutoZone, Inc. retails and distributes automotive replacement parts and accessories.