Tractor Supply (TSCO) Stock Forecast & Price Target

$265.51

-2.43 (-0.91%)

(As of 10/31/2024 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

$279.00
5.08% Upside

According to the 23 analysts' twelve-month price targets for Tractor Supply, the average price target is $279.00. 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 upside of 5.08% from the current price of $265.51.

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TSCO Analyst Ratings Over Time

Type	Current Forecast 11/1/23 to 10/31/24	1 Month Ago 10/2/23 to 10/1/24	3 Months Ago 8/3/23 to 8/2/24	1 Year Ago 11/1/22 to 11/1/23
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)	12 Buy rating(s)	14 Buy rating(s)	16 Buy rating(s)
Hold	9 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	$279.00	$260.83	$256.58	$234.42
Forecasted Upside	5.08% Upside	-11.63% Downside	1.51% Upside	23.02% Upside
Consensus Rating	Hold	Hold	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	2.50	2.50
Consensus Rating	Hold	Hold	Hold
Predicted Upside	4.94% Upside	39.55% Upside	10.27% 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
10/28/2024	Benchmark 2 of 5 stars		Boost Target	Buy ➝ Buy	$280.00 ➝ $310.00	+12.73%
10/25/2024	UBS Group 4 of 5 stars	M. Lasser Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$272.00 ➝ $280.00	+2.65%
10/25/2024	Raymond James 4 of 5 stars		Boost Target	Outperform ➝ Outperform	$285.00 ➝ $290.00	+6.55%
10/25/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$250.00 ➝ $270.00	-1.33%
10/25/2024	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$300.00 ➝ $325.00	+18.76%
10/25/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$240.00 ➝ $250.00	-8.64%
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.
10/25/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral ➝ Neutral	$270.00 ➝ $270.00	-2.10%
10/25/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$325.00 ➝ $317.00	+15.03%
10/24/2024	Gordon Haskett Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Grom Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Moderate Buy
10/24/2024	Telsey Advisory Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$335.00 ➝ $335.00	+14.69%
10/17/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating	Peter Benedict Subscribe to MarketBeat All Access for the recommendation accuracy rating	Set Target		$320.00	+7.34%
10/17/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Zaccone Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
10/16/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$260.00 ➝ $290.00	-3.65%
10/14/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$300.00 ➝ $332.00	+9.44%
10/11/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$295.00 ➝ $325.00	+8.44%
10/3/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	O. Wintermantel Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ In-Line	$300.00 ➝ $300.00	+0.65%
9/23/2024	Melius Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	K. Short Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$315.00	+14.09%
9/6/2024	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$250.00 ➝ $260.00	-5.01%
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%
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	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%
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%
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 Thursday at 09:01 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 Friday, October 18, 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 has shown consistent growth in annual revenue over the past year, indicating a strong financial performance.
The company has a solid return on equity and return on assets, showcasing efficient use of shareholder and asset resources.
Tractor Supply has a strong market position in the rural lifestyle retail sector, providing stability and potential for further growth.
Recent news sentiment scores have been positive, indicating a favorable outlook for the company among investors and analysts.
The current stock price of Tractor Supply is competitive, offering a potentially attractive entry point for investors.

Tractor Supply
Bear Case

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

Tractor Supply's beta indicates higher volatility compared to the market average, which may pose risks for investors seeking stability.
The company's debt-to-equity ratio is relatively high, suggesting a higher level of financial leverage that could impact future financial health.
Tractor Supply's current ratio and quick ratio are below industry averages, indicating potential liquidity challenges in the short term.
The forward P/E ratio of Tractor Supply may be higher than industry peers, potentially signaling overvaluation in the stock price.
Consensus price targets for Tractor Supply are mixed, with some analysts projecting lower future valuations, which could impact investor sentiment.

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 $279.00, with a high forecast of $335.00 and a low forecast of $171.00.
: 23 Wall Street 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 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 upside of 5.08% based on their 12-month stock forecasts.
: Over the previous 90 days, Tractor Supply's stock had 3 downgrades and 2 upgrades by analysts.
: Tractor Supply has been rated by research analysts at Barclays, Benchmark, Citigroup, DA Davidson, Evercore ISI, Gordon Haskett, JPMorgan Chase & Co., Loop Capital, Melius Research, Mizuho, Piper Sandler, Raymond James, Robert W. Baird, Telsey Advisory Group, Truist Financial, UBS Group, 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 2.50. Learn more on how TSCO compares to other companies.

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This page (NASDAQ:TSCO) was last updated on 10/31/2024 by MarketBeat.com Staff

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Tractor Supply (TSCO) Stock Forecast & Price Target