On Oct 26, major Wall Street analysts update their ratings for $Tractor Supply (TSCO.US)$, with price targets ranging from $290 to $335.
Evercore analyst Oliver Wintermantel maintains with a hold rating, and adjusts the target price from $300 to $290.
Raymond James analyst Bobby Griffin maintains with a buy rating, and adjusts the target price from $285 to $290.
Telsey Advisory analyst Joe Feldman maintains with a buy rating, and maintains the target price at $335.
D.A. Davidson analyst Michael Baker maintains with a buy rating.
Furthermore, according to the comprehensive report, the opinions of $Tractor Supply (TSCO.US)$'s main analysts recently are as follows:
Expectations were set for an upward revision of estimates prior to the company's financial results, yet the company's subtle indications have led to a slight reduction in the 2025 forecasts. The company is anticipated to reveal the next stage of its strategy in December, which may generate enthusiasm regarding the retailer's future prospects.
Post the Q3 report, discussions are ongoing about Tractor Supply's challenges in regaining its mid-single-digit comp target due to continued weak sales. Additionally, it's anticipated that margin improvements will begin to decelerate. Despite a lack of strong indicators for upward revisions in projections, Tractor Supply is recognized for offering a degree of stability and may benefit from certain post-election trends that could sustain its share value.
The report suggests that Tractor Supply's performance matched expectations, and despite an improvement in guidance, the stock price did not maintain proximity to its peak levels. This was attributed to a heightened valuation preceding the earnings announcement. The assessment indicates that the current risk/reward ratio, based on the projected earnings and EBITDA multiples, may not present significant growth potential. The analyst's earnings per share projections for the years 2024 and 2025 have been maintained.
Here are the latest investment ratings and price targets for $Tractor Supply (TSCO.US)$ from 4 analysts:
Note:
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