Quick Read – Advance Auto Parts (AAP) received a price target cut to $59 from $64 by JPMorgan analyst Christopher Horvers on May 15, with a Neutral rating maintained. – Tax stimulus is offsetting consumer wallet pressure from elevated gas prices at $101.56 per barrel WTI crude,…
eating high-uncertainty conditions heading into the earnings season as retailers avoid aggressive guidance revisions before peak back-to-school and holiday seasons. – The analyst who called NVIDIA in 2010 just named his top 10 stocks and Advance Auto Parts wasn’t one of them. Get them here FREE
JPMorgan analyst Christopher Horvers trimmed his price target on Advance Auto Parts (NYSE:AAP) to $59 from $64 on May 15, keeping a Neutral rating. The price target cut came as part of a broader Q1 2026 earnings preview for the retailing group, where JPMorgan flagged tax stimulus tailwinds as a partial offset to rising energy costs. For Advance Auto Parts stock, the takeaway is measured rather than alarmist.
The cut represents a modest reset of expectations heading into a high-uncertainty earnings season. The Analyst’s Case Horvers framed the call on Advance Auto Parts around a tug-of-war in consumer wallets. Tax stimulus more than offset the headwind from energy prices in the quarter, but with WTI crude oil recently at $101.56 per barrel, gas at the pump is eating into discretionary income.