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

Analyst price target for AAP

Based on 12 analysts offering 12 month price targets for Advance Auto Parts Inc.
Min Forecast
$175.00-18.85%
Avg Forecast
$221.92+2.9%
Max Forecast
$256.00+18.71%

Should I buy or sell AAP stock?

Based on 12 analysts offering ratings for Advance Auto Parts Inc.
Strong Buy
Strong Buy
6 analysts 50%
Buy
4 analysts 33.33%
Hold
2 analysts 16.67%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

AAP stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDate
Morgan Stanley
Bottom 1%
1
HoldDowngrades$220.00+2.01%2021-08-27
Citigroup
Top 21%
80
Strong BuyMaintains$250.00+15.92%2021-08-25
Bank of America
Top 27%
74
Strong BuyMaintains$256.00+18.71%2021-08-25
Credit Suisse
Top 43%
58
BuyMaintains$235.00+8.97%2021-08-25
Raymond James
Top 6%
95
Strong BuyUpgrades$250.00+15.92%2021-07-27
Anonymous
Argus Research
Strong BuyMaintains$215.00-0.31%2021-06-08
RBC Capital
Top 6%
95
BuyMaintains$240.00+11.29%2021-06-03
Goldman Sachs
Bottom 3%
3
Strong BuyUpgrades$227.00+5.26%2021-05-04
Wedbush
Top 5%
96
BuyMaintains$230.00+6.65%2021-04-21
Atlantic Equities
Top 50%
51
HoldUpgrades$175.00-18.85%2021-02-23

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Forecast return on equity

Is AAP forecast to generate an efficient return?
Company
27.29%
Industry
153.71%
Market
1,975.19%
AAP's Return on Equity is forecast to be high in 3 years (27.29%); analysts are confident in the firm's ability to efficiently generate return on equity
Forecast

Forecast return on assets

Is AAP forecast to generate an efficient return on assets?
Company
7.61%
Industry
13.21%
Market
951.37%
AAP is forecast to generate lower Return on Assets (7.61%) than the US Specialty Retail industry average (13.21%)
Forecast

AAP earnings per share forecast

What is AAP's earnings per share in the next 3 years based on estimates from 10 analysts?
Avg 1 year Forecast
$11.34+20.77%
Avg 2 year Forecast
$12.66+34.82%
Avg 3 year Forecast
$14.30+52.29%
AAP's earnings are forecast to grow at a rate of 16.5% per year, which is not exceptional
Forecast

AAP revenue forecast

What is AAP's revenue in the next 3 years based on estimates from 6 analysts?
Avg 1 year Forecast
$10.8B-0.92%
Avg 2 year Forecast
$10.9B+0.1%
Avg 3 year Forecast
$11.3B+4.03%
AAP's revenue is forecast to grow at a rate of 0.47% per year, which is not exceptional
Forecast

AAP earnings growth forecast

How is AAP forecast to perform vs Specialty Retail companies and vs the US market?
Company
16.5%
Industry
4.88%
Market
22.98%
AAP's earnings are forecast to grow faster (16.5% per year) than the US Specialty Retail industry average (4.88%)
Forecast
AAP's earnings are forecast to grow slower (16.5% per year) than the US market average (22.98%)
Forecast
AAP's earnings are forecast to grow faster (16.5% per year) than the risk-free savings rate (1.5%)
Forecast

AAP revenue growth forecast

How is AAP forecast to perform vs Specialty Retail companies and vs the US market?
Company
0.47%
Industry
3.97%
Market
14.64%
AAP's revenues are forecast to grow slower (0.47% per year) than the US Specialty Retail industry average (3.97%)
Forecast
AAP's revenues are forecast to grow slower (0.47% per year) than the US market average (14.64%)
Forecast

Advance Auto Parts Stock Forecast FAQ

Is Advance Auto Parts Stock a good buy in 2021, according to Wall Street analysts?

The consensus among 12 Wall Street analysts covering (NYSE: AAP) stock is to Strong Buy AAP stock.

Out of 12 analysts, 6 (50%) are recommending AAP as a Strong Buy, 4 (33.33%) are recommending AAP as a Buy, 2 (16.67%) are recommending AAP as a Hold, 0 (0%) are recommending AAP as a Sell, and 0 (0%) are recommending AAP as a Strong Sell.

What is AAP's earnings growth forecast for 2021-2023?

(NYSE: AAP) Advance Auto Parts's forecast annual earnings growth rate of 16.5% is forecast to beat the US Specialty Retail industry's average forecast earnings growth rate of 4.88%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 22.98%.

Advance Auto Parts's earnings in 2021 is $624,099,000.On average, 10 Wall Street analysts forecast AAP's earnings for 2021 to be $714,428,403, with the lowest AAP earnings forecast at $656,467,721, and the highest AAP earnings forecast at $754,748,877. On average, 10 Wall Street analysts forecast AAP's earnings for 2022 to be $797,589,381, with the lowest AAP earnings forecast at $669,697,877, and the highest AAP earnings forecast at $858,700,100.

In 2023, AAP is forecast to generate $900,910,596 in earnings, with the lowest earnings forecast at $715,688,418 and the highest earnings forecast at $991,001,656.

What is AAP's revenue growth forecast for 2021-2023?

(NYSE: AAP) Advance Auto Parts's forecast annual revenue growth rate of 0.47% is not forecast to beat the US Specialty Retail industry's average forecast revenue growth rate of 3.97%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 14.64%.

Advance Auto Parts's revenue in 2021 is $10,886,844,000.On average, 6 Wall Street analysts forecast AAP's revenue for 2021 to be $679,543,506,632, with the lowest AAP revenue forecast at $673,913,256,410, and the highest AAP revenue forecast at $685,338,440,791. On average, 7 Wall Street analysts forecast AAP's revenue for 2022 to be $686,578,358,374, with the lowest AAP revenue forecast at $648,925,902,515, and the highest AAP revenue forecast at $711,593,369,595.

In 2023, AAP is forecast to generate $713,525,602,321 in revenue, with the lowest revenue forecast at $667,729,103,674 and the highest revenue forecast at $743,238,641,799.

What is AAP's forecast return on assets (ROA) for 2021-2023?

(NYSE: AAP) forecast ROA is 7.61%, which is lower than the forecast US Specialty Retail industry average of 13.21%.

What is AAP's Price Target?

According to 12 Wall Street analysts that have issued a 1 year AAP price target, the average AAP price target is $221.92, with the highest AAP stock price forecast at $256.00 and the lowest AAP stock price forecast at $175.00.

On average, Wall Street analysts predict that Advance Auto Parts's share price could stay at $221.92 by Aug 27, 2022. The average Advance Auto Parts stock price prediction forecasts a potential downside of N/A from the current AAP share price of $215.66.

What is AAP's Earnings Per Share (EPS) forecast for 2021-2023?

(NYSE: AAP) Advance Auto Parts's current Earnings Per Share (EPS) is $9.39. On average, analysts forecast that AAP's EPS will be $11.34 for 2021, with the lowest EPS forecast at $10.42, and the highest EPS forecast at $11.98. On average, analysts forecast that AAP's EPS will be $12.66 for 2022, with the lowest EPS forecast at $10.63, and the highest EPS forecast at $13.63. In 2023, AAP's EPS is forecast to hit $14.30 (min: $11.36, max: $15.73).

What is AAP's forecast return on equity (ROE) for 2021-2023?

(NYSE: AAP) forecast ROE is 27.29%, which is considered strong.
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