DA Davidson analyst Michael Baker raised the firm’s price target on O’Reilly Automotive to $1,050 from $975 and keeps a Buy rating on the shares after its Q1 earnings beat. The company is taking outsized share in a growing market, and this idea continues to play out in the quarterly report and earnings call highlights with little signs of a change in trend, the analyst tells investors in a research note. DA Davidson believes that these share gains will continue as it sees upside to the management’s updated guidance.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on ORLY:
- O’Reilly Automotive price target raised to $975 from $900 at RBC Capital
- O’Reilly Automotive price target raised to $1,055 from $940 at UBS
- O’Reilly Automotive price target raised to $916 from $893 at Citi
- O’Reilly Automotive price target raised to $920 from $820 at Wedbush
- O’Reilly Automotive, Inc. Reports First Quarter 2023 Results
