- The consensus price target for Monro, Inc. (NASDAQ:MNRO) has decreased from $23.67 to $15, indicating a more conservative outlook from analysts.
- Despite the decline in price target, Monro has been upgraded to a Zacks Rank #1 (Strong Buy), suggesting growing optimism about the company’s earnings prospects.
- Monro’s fiscal 2025 fourth quarter and year-end earnings release on May 28, 2025, will be a critical event for investors to assess the company’s financial health and future direction.
Monro, Inc. (NASDAQ:MNRO) is a key player in the automotive undercar repair and tire sales industry in the United States. With over 1,300 company-operated stores, Monro has established a strong presence in the market. The company also operates franchised and wholesale locations, further expanding its reach. Monro competes with other automotive service providers, striving to maintain its market position.
The consensus price target for Monro’s stock has seen a significant decline over the past year. A year ago, the average price target was $23.67, but it has now dropped to $15. This shift indicates a more conservative outlook from analysts regarding Monro’s stock performance. However, analyst Seth Basham from Wedbush has set a higher price target of $31, suggesting some optimism about the company’s future.
Monro’s upcoming fiscal 2025 fourth quarter and year-end earnings release on May 28, 2025, could provide more insights into the company’s performance. The earnings call, scheduled for 8:30 a.m. Eastern Time, will be an opportunity for investors to gain a deeper understanding of Monro’s financial health. The call can be accessed by dialing 1-833-470-1428 with the access code 558079.
Despite the recent downward trend in the consensus price target, Monro has been upgraded to a Zacks Rank #1 (Strong Buy). This upgrade reflects growing optimism about the company’s earnings prospects. Investors may want to consider this positive sentiment alongside the upcoming earnings release to make informed decisions about Monro’s stock.
