Tractor Supply (TSCO) Stock Forecast & Price Target

Tractor Supply
Bear Case

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

• Tractor Supply has missed earnings expectations in its two most recent quarters, reporting EPS of $0.81 in Q2 2026 against a consensus of $0.82 and $0.31 in Q1 2026 against a consensus of $0.35, indicating potential pressure on profitability.
• The stock has experienced a significant decline, trading near its 52-week low of $28.36 and down from its 52-week high of $58.21, reflecting a loss of more than 40% in value over the past year.
• Short interest in the stock has increased, with 43,233,684 shares shorted as of September 30, 2026, representing 8.3% of the float, which suggests a growing number of investors are betting against the company's future performance.
• Analyst sentiment has deteriorated, with the consensus rating downgraded to "Hold" and the average price target reduced from $63.95 in late 2025 to $39.31 in late September 2026, reflecting a more cautious outlook on the company's growth prospects.
• Tractor Supply has lowered its full-year 2026 EPS guidance to a range of $1.90-$2.00, which is below the initial consensus estimate of $2.11, signaling that the company expects weaker-than-anticipated earnings for the remainder of the fiscal year.