Mizuho and Other Analysts Raise Price Targets on O’Reilly Automotive Following Strong Q1 Results

Multiple financial institutions have raised their price targets for O’Reilly Automotive, Inc. (NASDAQ:ORLY) following the company's robust first-quarter performance in 2026. On May 8, Mizuho increased its price target from $105 to $110, maintaining an Outperform rating. Similarly, Roth Capital raised its target to $109 from $108, citing strong same-store sales trends in both professional and DIY segments. Morgan Stanley also lifted its target to $112 from $108, noting that full-year expectations remain conservatively positioned despite the upside. These adjustments follow O’Reilly’s April 30 earnings report, which revealed a Q1 EPS of $0.72, surpassing the consensus estimate of $0.69, and revenue of $4.56 billion against an expected $4.46 billion. CEO Brad Beckham highlighted an 8.1% rise in comparable store sales and a 16% growth in diluted EPS. The company attributed its success to disciplined expense management and stable industry demand, with double-digit growth observed in the professional segment. O’Reilly continues to expand its market share across the United States, Puerto Rico, Mexico, and Canada, reinforcing investor confidence in its operational strategy and future growth potential for the remainder of 2026.