Wells Fargo Raises Tractor Supply (TSCO) Price Target to $38
Key Points
- Wells Fargo reiterated its Overweight rating on Tractor Supply Company on October 23, 2026, raising its price target to $38.00 from $36.00.
- Wells Fargo's $38 price target implies 9.42% upside from Tractor Supply Company's ($TSCO) current $34.73 share price.
- The stock recently traded around $34.73, sitting above its 50-day moving average but remaining well below its 52-week high.
- Tractor Supply Company carries a consensus buy recommendation from 27 analysts with a mean price target of $36.70.
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On October 23, 2026, Wells Fargo maintained its Overweight rating on Tractor Supply Company TSCO while raising its price target from $36.00 to $38.00. The research note outlines a positive view on the rural lifestyle retailer as shares trade below the newly set target level.
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Tractor Supply Company
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Wells Fargo's Call on Tractor Supply Company
Wells Fargo issued its research note on October 23, 2026, keeping an Overweight rating on the retailer and lifting the price target to $38.00 from $36.00. Several other Wall Street firms also updated their views on the same day. Piper Sandler maintained a Neutral rating on October 19, 2026, moving its target from $31.00 to $33.00. TD Cowen maintained a Hold rating and raised its target from $34.00 to $36.00. Baird maintained an Outperform rating while lifting its target from $38.00 to $40.00. BNP Paribas also maintained an Outperform rating, raising its target from $34.00 to $38.00. Overall, the stock carries a consensus buy recommendation from 27 analysts with a mean price target of $36.70.
Other Institutional Activity in Tractor Supply Company
Capital International Investors grew its holdings by 13,579,210 shares, ending with 25,833,709 shares worth about $897,204,701 in the report ended June 30, 2026.
Tractor Supply Company Stock Up 6.2%
Tractor Supply Company recently traded around $34.73 as of October 23, 2026, roughly equal to its closing price of $34.73 on October 22, 2026. The stock sits about 3.4% above its 50-day moving average of $33.58 and 10.1% below its 200-day moving average of $38.64. Shares trade down 40.3% from their 52-week high of $58.21 and up 22.5% from their 52-week low of $28.36.
$TSCO price target
Tractor Supply Company daily closes and this analyst's $38 target. Not advice.
Recent Earnings
Tractor Supply Company reported trailing twelve-month revenue of $15.94 billion and basic earnings per share of $1.86. The company posted a net margin of 6.1% and a return on equity of 37.3%. Its next earnings report is scheduled for January 28, 2027.
Dividend
The company pays an annual dividend rate of $0.96 per share with a dividend yield of 2.76% and a payout ratio of 49.0%.
Insider Buying and Selling at Tractor Supply Company
Company insiders completed multiple purchases ahead of the autumn months. Director Andre J. Hawaux bought 3,150 shares at $31.83 on August 3, 2026, totaling $100,264. Director Edna K. Morris picked up 1,560 shares at $32.44 on August 4, 2026, worth $50,606. Chief Executive Officer Harry A. Lawton III added 15,600 shares on August 4, 2026, valued at $501,524. Director Margaret M. Ham purchased 84 shares at $35.05 on September 4, 2026, for a total of $2,975.
About Tractor Supply Company
Tractor Supply Company operates retail stores across the United States catering to recreational farmers, ranchers, and rural homeowners. The company supplies everyday maintenance products, animal feed, tools, and clothing tailored to country living.
Bottom Line
Wells Fargo's revised target highlights ongoing interest from major financial institutions as the retailer navigates trading ranges below its 200-day moving average. Investors will look toward the company's next earnings report on January 28, 2027, for further indicators on operational progress.
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Source: Wells Fargo's rating change on $TSCO (Oct 23, 2026). Written by software, not financial advice. How we make alerts