O’Reilly Automotive, Inc. (NASDAQ:ORLY) is a top automotive stock according to hedge funds. Analysts like Steven Shemesh from RBC Capital and Greg Melich from Evercore ISI maintain Buy ratings on ORLY, setting price targets of $111.00 and $110.00, respectively. The stock’s median price target of $103.68 suggests a 6.10% upside potential.

Argus Research also initiated coverage on O’Reilly Automotive with a Buy rating and a $120.00 price target. The company operates retail outlets in the US, distributing and selling automotive aftermarket parts, supplies, tools, and accessories, including hard parts like water pumps, fuel pumps, and brake system components.

While ORLY shows promise, some believe certain AI stocks offer greater potential with lower risk. For those seeking an undervalued AI stock benefiting from tariffs and onshoring, check out a free report on the best short-term AI stock. The article was originally published on Insider Monkey.

Read more at Yahoo Finance: What Do Analysts Think About O’Reilly Automotive (ORLY)?