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Barchart
Barchart
Mark R. Hake, CFA

AutoZone Stock is Up and Price Targets are Still High - What's the Best AZO Play?

AZO AutoZone Barchart ITM

AutoZone, Inc. (AZO) stock has risen in the last month since my last Barchart article. An interesting way to play AZO is to invest in a one-month put credit spread. The expected return is over 40%.

AZO is at $3,097.88 as of Monday, Oct. 19, up 11% from a recent low of $2,792.03 on Oct. 2. It could be worth much more, based on my analysis as well as other analysts' price targets.

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