JPMorgan Chase Boosts AutoZone Price Target to $4,300

Analysts raise outlook for auto parts retailer's stock

Published on Mar. 3, 2026

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JPMorgan Chase & Co. has increased its price target for AutoZone (NYSE:AZO) stock from $4,100 to $4,300, representing a potential upside of 14.62% from the stock's previous close. The investment bank maintained its 'overweight' rating on the auto parts retailer's shares.

Why it matters

AutoZone is one of the leading auto parts retailers in the United States, serving both do-it-yourself consumers and commercial customers like independent repair shops. The increased price target from a major investment bank like JPMorgan Chase suggests analysts see further upside potential in the company's stock.

The details

In a note to investors, JPMorgan Chase analysts cited AutoZone's strong market position and growth potential as reasons for the higher price target. Several other brokerages, including Evercore and UBS Group, have also issued positive ratings and price targets on AutoZone's stock in recent months.

  • The new price target was issued on Thursday, February 28, 2026.

The players

JPMorgan Chase & Co.

A multinational investment bank and financial services company headquartered in New York City.

AutoZone

A retailer and distributor of automotive replacement parts and accessories, headquartered in Memphis, Tennessee.

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The takeaway

The increased price target from JPMorgan Chase is a positive sign for AutoZone, indicating that analysts see continued growth potential for the auto parts retailer despite broader economic uncertainties. This could signal an opportunity for investors to consider adding AutoZone to their portfolios.