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Tractor Supply (TSCO) Stock Forecast & Price Target

Tractor Supply logo
$286.32 +4.61 (+1.64%)
(As of 08:35 PM ET)

Tractor Supply - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
2
Hold
8
Buy
13

Based on 23 Wall Street analysts who have issued ratings for Tractor Supply in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 23 analysts, 2 have given a sell rating, 8 have given a hold rating, 12 have given a buy rating, and 1 has given a strong buy rating for TSCO.

Consensus Price Target

$282.59
-1.30% Downside
According to the 23 analysts' twelve-month price targets for Tractor Supply, the average price target is $282.59. The highest price target for TSCO is $335.00, while the lowest price target for TSCO is $171.00. The average price target represents a forecasted downside of -1.30% from the current price of $286.32.
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TSCO Analyst Ratings Over Time

TypeCurrent Forecast
11/26/23 to 11/25/24
1 Month Ago
10/27/23 to 10/26/24
3 Months Ago
8/28/23 to 8/27/24
1 Year Ago
11/26/22 to 11/26/23
Strong Buy
1 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
1 Strong Buy rating(s)
Buy
12 Buy rating(s)
12 Buy rating(s)
14 Buy rating(s)
16 Buy rating(s)
Hold
8 Hold rating(s)
9 Hold rating(s)
8 Hold rating(s)
10 Hold rating(s)
Sell
2 Sell rating(s)
2 Sell rating(s)
2 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$282.59$277.70$256.58$234.42
Forecasted Upside-1.30% Downside1.81% Upside-5.99% Downside18.28% Upside
Consensus Rating
Moderate Buy
Hold
Moderate Buy
Moderate Buy

TSCO Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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TSCO Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Tractor Supply Stock vs. The Competition

TypeTractor SupplyRetail/Wholesale CompaniesS&P 500
Consensus Rating Score
2.52
2.51
2.50
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside0.39% Upside25.99% Upside7.66% Upside
News Sentiment Rating
Positive News

See Recent TSCO News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/25/2024Wells Fargo & Company
3 of 5 stars
 Lower TargetOverweight ➝ Overweight$325.00 ➝ $320.00+11.90%
11/15/2024Evercore ISI
2 of 5 stars
O. Wintermantel
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UpgradeHold ➝ Strong-Buy
10/28/2024Benchmark
3 of 5 stars
 Boost TargetBuy ➝ Buy$280.00 ➝ $310.00+12.73%
10/25/2024UBS Group
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M. Lasser
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Boost TargetNeutral ➝ Neutral$272.00 ➝ $280.00+2.65%
10/25/2024Raymond James
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 Boost TargetOutperform ➝ Outperform$285.00 ➝ $290.00+6.55%
10/25/2024Mizuho
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 Boost TargetNeutral ➝ Neutral$250.00 ➝ $270.00-1.33%
10/25/2024DA Davidson
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 Boost TargetBuy ➝ Buy$300.00 ➝ $325.00+18.76%
10/25/2024Barclays
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 Boost TargetEqual Weight ➝ Equal Weight$240.00 ➝ $250.00-8.64%
10/25/2024Wedbush
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 Reiterated RatingNeutral ➝ Neutral$270.00 ➝ $270.00-2.10%
10/25/2024Truist Financial
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 Lower TargetBuy ➝ Buy$325.00 ➝ $317.00+15.03%
10/24/2024Gordon Haskett
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C. Grom
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DowngradeStrong-Buy ➝ Moderate Buy
10/24/2024Telsey Advisory Group
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 Reiterated RatingOutperform ➝ Outperform$335.00 ➝ $335.00+14.69%
10/17/2024Robert W. Baird
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Peter Benedict
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Set Target$320.00+7.34%
10/17/2024Citigroup
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S. Zaccone
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DowngradeStrong-Buy ➝ Hold
10/16/2024JPMorgan Chase & Co.
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 Boost TargetNeutral ➝ Neutral$260.00 ➝ $290.00-3.65%
10/14/2024Piper Sandler
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 Boost TargetOverweight ➝ Overweight$300.00 ➝ $332.00+9.44%
9/23/2024Melius Research
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K. Short
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Initiated CoverageBuy$315.00+14.09%
9/6/2024Loop Capital
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 Boost TargetHold ➝ Hold$250.00 ➝ $260.00-5.01%
4/26/2024TD Cowen
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 Boost TargetBuy ➝ Buy$250.00 ➝ $270.00-1.33%
4/26/2024Morgan Stanley
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 Boost TargetUnderweight ➝ Underweight$195.00 ➝ $235.00-14.16%
2/2/2024Guggenheim
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 Boost TargetBuy ➝ Buy$210.00 ➝ $255.00+9.39%
2/2/2024The Goldman Sachs Group
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 Boost TargetBuy ➝ Buy$230.00 ➝ $262.00+14.37%
1/23/2024Stephens
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 DowngradeOverweight ➝ Equal Weight$226.00 ➝ $240.00+3.23%
12/15/2023Bank of America
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 DowngradeNeutral ➝ Underperform$207.00 ➝ $171.00-23.69%
10/13/2023Oppenheimer
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 DowngradeOutperform ➝ Market Perform$280.00 ➝ $210.00+6.73%
9/29/2023Wolfe Research
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 Initiated CoverageOutperform$239.00+17.49%
2/28/2023Argus
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 Boost TargetBuy$225.00 ➝ $260.00+10.91%
2/16/2023Cowen
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 Initiated CoverageMarket Perform$245.00+2.25%
2/1/2023Roth Capital
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D. Bellinger
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Reiterated RatingBuy
1/19/2023MKM Partners
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David Bellinger
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Boost TargetBuy$230.00 ➝ $255.00+20.14%
1/12/2023BNP Paribas
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 UpgradeNeutral ➝ Outperform
12/19/2022Credit Suisse Group
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 Initiated CoverageOutperform$260.00+22.95%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 02:55 PM ET.


Should I Buy Tractor Supply Stock? TSCO Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, November 20, 2024. Please send any questions or comments about these Tractor Supply pros and cons to contact@marketbeat.com.

Tractor Supply
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in Tractor Supply:

  • Tractor Supply's stock is currently priced at $288.56, reflecting a strong market position and potential for growth.
  • The company has received multiple recent upgrades from analysts, with price targets increasing, indicating positive market sentiment and confidence in future performance.
  • Institutional ownership is high, with 98.72% of the stock held by institutional investors, suggesting strong backing and confidence from large financial entities.
  • Tractor Supply has demonstrated resilience with a market capitalization of approximately $31.13 billion, indicating stability and a solid foundation for growth.
  • Recent sales by executives, while representing a decrease in their positions, are not significant enough to raise red flags, suggesting that insider confidence remains relatively stable.

Tractor Supply
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in Tractor Supply for these reasons:

  • Analyst ratings are mixed, with two analysts issuing sell ratings, which may indicate potential concerns about the stock's future performance.
  • The stock has experienced fluctuations, with a 12-month high of $307.64 and a low of $193.60, suggesting volatility that could pose risks for investors.
  • Recent downgrades from firms like Citigroup, which lowered its rating from "strong-buy" to "hold," may reflect caution regarding the stock's growth potential.
  • The company's P/E ratio of 28.07 is relatively high, which could indicate that the stock is overvalued compared to its earnings, potentially leading to a price correction.
  • Tractor Supply's beta of 0.82 suggests lower volatility compared to the market, but this could also mean less opportunity for significant gains in a bullish market.

TSCO Forecast - Frequently Asked Questions

According to the research reports of 23 Wall Street equities research analysts, the average twelve-month stock price forecast for Tractor Supply is $282.59, with a high forecast of $335.00 and a low forecast of $171.00.

23 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Tractor Supply in the last year. There are currently 2 sell ratings, 8 hold ratings, 12 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" TSCO shares.

According to analysts, Tractor Supply's stock has a predicted downside of -1.30% based on their 12-month stock forecasts.

Over the previous 90 days, Tractor Supply's stock had 3 upgrades and 3 downgrades by analysts.

Analysts like Tractor Supply more than other "retail/wholesale" companies. The consensus rating score for Tractor Supply is 2.52 while the average consensus rating score for "retail/wholesale" companies is 2.51. Learn more on how TSCO compares to other companies.


This page (NASDAQ:TSCO) was last updated on 11/25/2024 by MarketBeat.com Staff
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