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NYSE: AAP
Advance Auto Parts Inc Stock Forecast, Predictions & Price Target

Buy AAP

Analyst price target for AAP

Based on 13 analysts offering 12 month price targets for Advance Auto Parts Inc.
Min Forecast
$195.00-6.97%
Avg Forecast
$234.08+11.68%
Max Forecast
$268.00+27.86%

Should I buy or sell AAP stock?

Based on 13 analysts offering ratings for Advance Auto Parts Inc.
Strong Buy
Strong Buy
7 analysts 53.85%
Buy
2 analysts 15.38%
Hold
4 analysts 30.77%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

AAP stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
MKM Partners
Top 37%
64
Strong BuyInitiates Coverage On$195.00-6.97%2022-06-23
Stephens & Co.
Top 8%
93
HoldMaintains$215.00+2.58%2022-05-25
Truist Securities
Top 4%
97
Strong BuyMaintains$238.00+13.55%2022-05-25
Guggenheim
Top 17%
84
Strong BuyMaintains$259.00+23.57%2022-05-25
Raymond James
Top 5%
96
Strong BuyMaintains$250.00+19.27%2022-05-25
RBC Capital
Top 23%
78
HoldMaintains$217.00+3.53%2022-05-25
Wedbush
Top 6%
95
BuyMaintains$215.00+2.58%2022-05-24
Morgan Stanley
Bottom 1%
1
HoldMaintains$225.00+7.35%2022-05-24
Wells Fargo
Top 1%
100
HoldMaintains$200.00-4.58%2022-05-24
Citigroup
Top 24%
77
Strong BuyMaintains$250.00+19.27%2022-05-13

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Forecast return on equity

Is AAP forecast to generate an efficient return?
Company
35.47%
Industry
-19.53%
Market
55.26%
AAP's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is AAP forecast to generate an efficient return on assets?
Company
8.6%
Industry
13.7%
AAP is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

AAP earnings per share forecast

What is AAP's earnings per share in the next 3 years based on estimates from 11 analysts?
Avg 1 year Forecast
$13.68+50.66%
Avg 2 year Forecast
$15.44+70.04%
Avg 3 year Forecast
$17.02+87.44%
AAP's earnings are forecast to... subscribe to Premium to read more.
Forecast High Earnings Growth Forecast

AAP revenue forecast

What is AAP's revenue in the next 3 years based on estimates from 8 analysts?
Avg 1 year Forecast
$11.4B+3.03%
Avg 2 year Forecast
$11.9B+7.32%
Avg 3 year Forecast
$12.4B+12.01%
AAP's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

AAP earnings growth forecast

How is AAP forecast to perform vs Specialty Retail companies and vs the US market?
Company
30.2%
Industry
3.68%
Market
17.66%
AAP's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Industry Forecast
AAP's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Market Forecast
AAP's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Savings Rate Forecast

AAP revenue growth forecast

How is AAP forecast to perform vs Specialty Retail companies and vs the US market?
Company
3.65%
Industry
7.06%
Market
8.2%
AAP's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
AAP's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

AAP vs Retail Stocks

TickerPricePrice TargetUp/downsideConsensus
AAP$209.60$234.08+11.68%Strong Buy
GME$42.19$26.50-37.19%Sell
WSM$168.87$157.09-6.98%Hold
OLPX$15.61$25.68+64.52%Strong Buy
DKS$112.85$118.07+4.63%Buy

Advance Auto Parts Stock Forecast FAQ

Is Advance Auto Parts Stock a good buy in 2022, according to Wall Street analysts?

The consensus among 13 Wall Street analysts covering (NYSE: AAP) stock is to Strong Buy AAP stock.

Out of 13 analysts, 7 (53.85%) are recommending AAP as a Strong Buy, 2 (15.38%) are recommending AAP as a Buy, 4 (30.77%) are recommending AAP as a Hold, 0 (0%) are recommending AAP as a Sell, and 0 (0%) are recommending AAP as a Strong Sell.

If you're new to stock investing, here's how to buy Advance Auto Parts stock.

What is AAP's earnings growth forecast for 2022-2024?

(NYSE: AAP) Advance Auto Parts's forecast annual earnings growth rate of 30.2% is forecast to beat the US Specialty Retail industry's average forecast earnings growth rate of 3.68%, and and it is also forecast to beat the US market's average forecast earnings growth rate of 17.66%.

Advance Auto Parts's earnings in 2022 is $569,969,000.On average, 11 Wall Street analysts forecast AAP's earnings for 2022 to be $829,552,806, with the lowest AAP earnings forecast at $805,296,876, and the highest AAP earnings forecast at $862,298,312. On average, 11 Wall Street analysts forecast AAP's earnings for 2023 to be $936,278,898, with the lowest AAP earnings forecast at $891,405,428, and the highest AAP earnings forecast at $997,525,121.

In 2024, AAP is forecast to generate $1,032,089,822 in earnings, with the lowest earnings forecast at $956,290,040 and the highest earnings forecast at $1,152,156,675.

What is AAP's revenue growth forecast for 2022-2024?

(NYSE: AAP) Advance Auto Parts's forecast annual revenue growth rate of 3.65% is not forecast to beat the US Specialty Retail industry's average forecast revenue growth rate of 7.06%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 8.2%.

Advance Auto Parts's revenue in 2022 is $11,041,829,000.On average, 8 Wall Street analysts forecast AAP's revenue for 2022 to be $689,889,344,094, with the lowest AAP revenue forecast at $685,699,374,746, and the highest AAP revenue forecast at $694,841,434,763. On average, 8 Wall Street analysts forecast AAP's revenue for 2023 to be $718,596,783,007, with the lowest AAP revenue forecast at $704,818,505,170, and the highest AAP revenue forecast at $726,240,736,148.

In 2024, AAP is forecast to generate $750,017,429,611 in revenue, with the lowest revenue forecast at $737,977,574,276 and the highest revenue forecast at $756,724,376,175.

What is AAP's forecast return on assets (ROA) for 2022-2024?

(NYSE: AAP) forecast ROA is 8.6%, which is lower than the forecast US Specialty Retail industry average of 13.7%.

What is AAP's Price Target?

According to 13 Wall Street analysts that have issued a 1 year AAP price target, the average AAP price target is $234.08, with the highest AAP stock price forecast at $268.00 and the lowest AAP stock price forecast at $195.00.

On average, Wall Street analysts predict that Advance Auto Parts's share price could reach $234.08 by Jun 23, 2023. The average Advance Auto Parts stock price prediction forecasts a potential upside of 11.68% from the current AAP share price of $209.60.

What is AAP's Earnings Per Share (EPS) forecast for 2022-2024?

(NYSE: AAP) Advance Auto Parts's current Earnings Per Share (EPS) is $9.08. On average, analysts forecast that AAP's EPS will be $13.68 for 2022, with the lowest EPS forecast at $13.28, and the highest EPS forecast at $14.22. On average, analysts forecast that AAP's EPS will be $15.44 for 2023, with the lowest EPS forecast at $14.70, and the highest EPS forecast at $16.45. In 2024, AAP's EPS is forecast to hit $17.02 (min: $15.77, max: $19.00).

What is AAP's forecast return on equity (ROE) for 2022-2024?

(NYSE: AAP) forecast ROE is 35.47%, which is considered strong.
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