Advance Auto Parts (AAP) Stock Receives $165 Price Target

By Amit Chowdhry ● Nov 21, 2022
  • The shares of Advance Auto Parts (AAP) recently received a $165 price target. These are the details.

The shares of Advance Auto Parts (AAP) recently received a $165 price target.

Price target: Reduced from $205 to $165

Rating: Equal Weight

Analyst firm: Morgan Stanley

Morgan Stanley analysts adjusted the rating while moving the 2023 estimates lower. And the core debate on Advance Auto is whether it can keep up with the industry and peer growth while delivering margin expansion over time.

But the momentum O’Reilly Automotive and AutoZone have gained from price investments and consistent execution appears to be strengthening while Advance’s continuous pivoting of its strategy is making it harder to close the gap with its peers.