These Analysts Increase Their Forecasts On O'Reilly Automotive After Q3 Results
Portfolio Pulse from Avi Kapoor
O'Reilly Automotive (NASDAQ:ORLY) reported Q3 earnings and FY24 guidance below estimates, but analysts raised their price targets. Despite missing earnings and sales estimates, ORLY shares rose slightly. Analysts from Truist, DA Davidson, Barclays, RBC Capital, and TD Cowen increased their price targets, maintaining positive outlooks.
October 25, 2024 | 7:29 pm
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O'Reilly Automotive reported Q3 earnings and FY24 guidance below estimates, but analysts raised their price targets. Despite missing earnings and sales estimates, ORLY shares rose slightly. Analysts from Truist, DA Davidson, Barclays, RBC Capital, and TD Cowen increased their price targets, maintaining positive outlooks.
Despite missing earnings and sales estimates, the fact that multiple analysts raised their price targets suggests a positive outlook for ORLY. The stock's slight increase in price indicates investor confidence, likely driven by the analysts' positive revisions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100