Tractor Supply (TSCO) Stock Forecast & Price Target

$290.93

+4.79 (+1.67%)

(As of 09/30/2024 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

Hold

Based on 23 Analyst Ratings

Sell
2

Hold
9

Buy
12

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 "Hold." Out of the 23 analysts, 2 have given a sell rating, 9 have given a hold rating, and 12 have given a buy rating for TSCO.

Consensus Price Target

$260.83
-10.35% Downside

According to the 23 analysts' twelve-month price targets for Tractor Supply, the average price target is $260.83. The highest price target for TSCO is $315.00, while the lowest price target for TSCO is $171.00. The average price target represents a forecasted downside of -10.35% from the current price of $290.93.

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TSCO Analyst Ratings Over Time

Type	Current Forecast 10/2/23 to 10/1/24	1 Month Ago 9/2/23 to 9/1/24	3 Months Ago 7/4/23 to 7/3/24	1 Year Ago 10/2/22 to 10/2/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	12 Buy rating(s)	14 Buy rating(s)	14 Buy rating(s)	16 Buy rating(s)
Hold	9 Hold rating(s)	8 Hold rating(s)	8 Hold rating(s)	8 Hold rating(s)
Sell	2 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$260.83	$256.58	$253.96	$247.36
Forecasted Upside	-10.35% Downside	-4.10% Downside	-2.94% Downside	21.55% Upside
Consensus Rating	Hold	Moderate Buy	Moderate Buy	Moderate Buy

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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.

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.

Tractor Supply Stock vs. The Competition

Type	Tractor Supply	Retail/Wholesale Companies	S&P 500
Consensus Rating Score	2.43	2.49	2.50
Consensus Rating	Hold	Hold	Hold
Predicted Upside	-10.35% Downside	37.48% Upside	6.15% Upside
News Sentiment Rating	Positive News See Recent TSCO News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
9/30/2024	Benchmark 2 of 5 stars		Reiterated Rating	Buy ➝ Buy	$280.00 ➝ $280.00	-2.15%
9/23/2024	Melius Research 0 of 5 stars	K. Short Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$315.00	+14.09%
9/6/2024	Loop Capital 2 of 5 stars		Boost Target	Hold ➝ Hold	$250.00 ➝ $260.00	-5.01%
7/26/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$290.00 ➝ $280.00	+5.08%
7/26/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral ➝ Neutral	$270.00 ➝ $270.00	+1.86%
7/26/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$289.00 ➝ $293.00	+10.91%
Get the Latest News and Ratings for TSCO and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Tractor Supply and its competitors with MarketBeat's FREE daily newsletter.
7/25/2024	Telsey Advisory Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$305.00 ➝ $305.00	+15.81%
7/22/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$285.00 ➝ $295.00	+9.66%
5/3/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$241.00 ➝ $263.00	-2.67%
4/29/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$265.00 ➝ $300.00	+9.53%
4/26/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$250.00 ➝ $285.00	+4.15%
4/26/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$250.00 ➝ $270.00	-1.33%
4/26/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underweight ➝ Underweight	$195.00 ➝ $235.00	-14.16%
4/26/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral ➝ Neutral	$245.00 ➝ $250.00	-7.77%
4/26/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$234.00 ➝ $240.00	-12.46%
4/26/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$260.00 ➝ $285.00	+7.44%
2/2/2024	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$210.00 ➝ $255.00	+9.39%
2/2/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$220.00 ➝ $240.00	+2.98%
2/2/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$230.00 ➝ $262.00	+14.37%
1/23/2024	Stephens Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Overweight ➝ Equal Weight	$226.00 ➝ $240.00	+3.23%
12/15/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Neutral ➝ Underperform	$207.00 ➝ $171.00	-23.69%
11/1/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$207.00 ➝ $195.00	+2.33%
10/13/2023	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Market Perform	$280.00 ➝ $210.00	+6.73%
9/29/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$239.00	+17.49%
9/28/2023	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Baker Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy	$250.00 ➝ $280.00	+37.92%
9/27/2023	Gordon Haskett Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Accumulate	$215.00	+5.90%
2/28/2023	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$225.00 ➝ $260.00	+10.91%
2/16/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Market Perform	$245.00	+2.25%
2/1/2023	Roth Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Bellinger Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy
1/19/2023	MKM Partners Subscribe to MarketBeat All Access for the recommendation accuracy rating	David Bellinger Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy	$230.00 ➝ $255.00	+20.14%
1/12/2023	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Outperform
12/19/2022	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$260.00	+22.95%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 05:28 AM 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 Monday, September 30, 2024. Please send any questions or comments about these Tractor Supply pros and cons to contact@marketbeat.com.

Tractor Supply
Bull Case

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

Tractor Supply's stock price has been steadily increasing, reaching $279.49 on recent trading days, indicating positive market sentiment.
Tractor Supply has a strong market capitalization of $30.15 billion, reflecting the company's stability and potential for growth.
Recent insider activity, such as senior vice president Matthew L. Rubin selling shares, can sometimes indicate confidence in the company's future performance.
Institutional investors, holding a significant portion of the company's stock, demonstrate trust in Tractor Supply's long-term prospects.
Tractor Supply's consistent growth in revenue and earnings, with a price-to-earnings ratio of 26.90, suggests a healthy financial performance.

Tractor Supply
Bear Case

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

Tractor Supply's stock has a beta of 0.80, indicating lower volatility compared to the market, potentially limiting short-term gains.
The company's debt-to-equity ratio of 0.76 may raise concerns about its financial leverage and ability to manage debt obligations.
While the stock has shown growth, the current price-to-earnings growth (PEG) ratio of 3.40 suggests the stock may be overvalued relative to its growth prospects.
Recent selling activity by institutional investors like Virtu Financial LLC could signal a lack of confidence in Tractor Supply's future performance.
Tractor Supply's 12-month high of $290.38 may indicate a potential resistance level that could limit further short-term price appreciation.

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 $260.83, with a high forecast of $315.00 and a low forecast of $171.00.
: 23 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Tractor Supply in the last twelve months. There are currently 2 sell ratings, 9 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" TSCO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TSCO, but not buy additional shares or sell existing shares.
: According to analysts, Tractor Supply's stock has a predicted downside of -10.35% based on their 12-month stock forecasts.
: Tractor Supply has been rated by research analysts at Benchmark, Evercore ISI, Loop Capital, Melius Research, Telsey Advisory Group, Truist Financial, Wedbush, and Wells Fargo & Company in the past 90 days.
: Analysts like Tractor Supply less than other "retail/wholesale" companies. The consensus rating score for Tractor Supply is 2.43 while the average consensus rating score for "retail/wholesale" companies is 2.49. Learn more on how TSCO compares to other companies.

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This page (NASDAQ:TSCO) was last updated on 10/1/2024 by MarketBeat.com Staff

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