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Benzinga
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Top Wall Street Forecasters Revamp AutoZone Price Expectations Ahead Of Q2 Earnings

1. AZO reports Q2 earnings on March 4, with earnings expected at $28.98. 2. Projected Q2 revenue is $3.98 billion, up from $3.86 billion last year. 3. Analysts maintain positive ratings and increase price targets for AZO stock. 4. AZO shares rose 1.4% to close at $3,493.01 last Friday. 5. Q1 earnings missed expectations, which may influence market perceptions.

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FAQ

Why Bullish?

Despite a Q1 miss, positive revenue growth and upgraded price targets suggest strength.

How important is it?

Analysts' upgraded ratings and revenue growth signal strong interest, likely to affect AZO's price.

Why Short Term?

Upcoming earnings report could lead to immediate market reactions; historical indicators show earnings announcements often significantly affect stock prices.

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