AutoZone, Inc.

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Somewhat Bullish +38

Analysts’ Opinions Are Mixed on These Consumer Cyclical Stocks: EVgo (EVGO), Rivian Automotive (RIVN) and AutoZone (AZO)

AI-generated analysis

📈 Analysts have issued mixed ratings on consumer cyclical stocks including EVgo (EVGO), Rivian Automotive (RIVN), and AutoZone (AZO).

🏷️ Morgan Stanley analyst David Arcaro maintained a Hold rating on EVgo with a $4.50 price target.

💰 The general consensus for EVgo is a Moderate Buy with an average price target of $5.83, implying 105.3% upside from current levels.

📉 J.P. Morgan analyst Ryan Brinkman reiterated a Sell rating on Rivian Automotive and set a price target of $9.00.

⚠️ D.A. Davidson recently downgraded Rivian Automotive to Sell with a $14.00 price target.

💡 The street consensus for Rivian is a Hold with an average price target of $17.52, suggesting 18.9% upside from current levels.

🛒 J.P. Morgan analyst Christopher Horvers maintained a Buy rating on AutoZone with a price target of $4300.00.

🚀 The general consensus for AutoZone is a Strong Buy with an average price target of $4218.80, implying 15.6% upside.

⭐️ Analyst ratings vary in quality, with David Arcaro holding a 5-star rating on TipRanks compared to Ryan Brinkman's 1-star rating.

📊 AutoZone shares closed near $3637.17 while Rivian shares closed at $15.10 as of last Tuesday.

🗓️ Several analyst reports were issued around early March, with some downgrades specifically dated February 17.

🔍 Analysts cover different sectors, such as Utilities and North American Industrials, when analyzing these consumer cyclical companies.

💸 The article notes that EVgo shares are currently trading close to its 52-week low of $1.65.

📰 This content is syndicated and may include third-party press releases or compensated placements.

Bullish Signals
  • J.P. Morgan analyst Christopher Horvers maintained a Buy rating on AutoZone (AZO) and set a price target of $4,300.00.
  • The consensus rating for AutoZone is Strong Buy with an average price target of $4,218.80, implying 15.6% upside from current levels.
  • TipRanks – PerPlexity upgraded the stock to Buy with a $4,283.00 price target on February 17, reinforcing positive sentiment.
Risk Factors
  • Morgan Stanley analyst David Arcaro maintained a Hold rating on EVgo (EVGO) with a price target of $4.50, while the stock closed near its 52-week low of $1.65, suggesting potential continued downside pressure.
  • J.P. Morgan analyst Ryan Brinkman reiterated a Sell rating on Rivian Automotive (RIVN) with a price target of $9.00, despite shares trading at $15.10, indicating significant overvaluation concerns from key institutional investors.
  • D.A. Davidson downgraded Rivian Automotive (RIVN) to Sell in a February 17 report with a $14.00 price target, reinforcing the bearish sentiment and increasing the risk of further stock declines.
Full Analysis
Analyst opinions on AutoZone (AZO), Rivian Automotive (RIVN), and EVgo (EVGO) remain mixed as of March 5, with significant divergence in ratings and price targets across the Consumer Cyclical sector. For AutoZone, J.P. Morgan analyst Christopher Horvers maintained a Buy rating with a $430 price target, though there is a notable discrepancy in the text stating "set a price target of $4300.00" while the current share price closed at $3637.17; the consensus suggests a Strong Buy with an average target of $4218.80, implying 15.6% upside. A separate report from TipRanks – PerPlexity upgraded the stock to Buy on February 17 with a $4283 target, further supporting a bullish outlook despite the confusing specific figure in one analyst comment. In contrast, EVgo faces skepticism as Morgan Stanley analyst David Arcaro maintained a Hold rating with a price target of $4.50. The company's shares closed near their 52-week low of $1.68 on Tuesday, well below this target, even though the broader consensus leans Moderate Buy with an average target of $5.83. TipRanks' xAI entity also issued a Hold rating around $3.00, indicating persistent uncertainty despite some general street support for long-term value. Rivian Automotive received mixed signals as well, with J.P. Morgan analyst Ryan Brinkman reiterating a Sell rating and setting a price target of $9.00 after shares closed at $15.10 on Tuesday. While the consensus remains Hold with an average target of $17.52 implying 18.9% upside, D.A. Davidson recently downgraded the stock to Sell with a $14.00 target on February 17, highlighting the volatility and cautious sentiment surrounding the EV manufacturer compared to its traditional retail counterpart AutoZone.