Citigroup Raises Tractor Supply (TSCO) Price Target to $38

Citigroup has maintained its Buy rating on Tractor Supply Company with an updated price target of $38.0, a 14.42% upside from the current price.

By EarningsIQ Research Desk · Published Oct 16, 2026, 2:23 PM EDT

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Citigroup raised its price target on Tractor Supply Company ($TSCO) to $38 from $37 on October 13, 2026, and rates the stock "Buy".

Since the rating, $TSCO is down 1.6% to date (from the $33.70 close on Oct 13, 2026).

TSCO Tractor Supply Company

$33.16 -33.48% year to date

Daily close · Oct 16, 2026

Key Points

On October 13, 2026, Citigroup reiterated its Buy rating on Tractor Supply Company, raising its price target to $38.0 from $37.0.
Citigroup's $38 price target implies 14.42% upside from Tractor Supply Company's ($TSCO) current $33.21 share price.
Tractor Supply shares recently traded at $33.21, which is about 12.6% below Citigroup's new price target.
The company has a trailing twelve-month revenue of $15.75 billion and an earnings per share of $1.92.

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Not investment advice. EarningsIQ is not a registered investment adviser, and this automated Tractor Supply Company alert may contain errors. Disclosures

Citigroup has reiterated its Buy rating on Tractor Supply Company (TSCO) on October 13, 2026, and raised its price target to $38.0 from $37.0. This adjustment comes as the shares recently traded at $33.21, placing them about 12.6% below the updated target.

Other Institutional Activity in Tractor Supply Company

Blackrock Inc. holds 47,483,939 shares of Tractor Supply, increasing its stake by 2,144,553 shares, worth about $1.57 billion. Invesco Ltd. has 34,581,943 shares, adding 14,326,602 shares, valued at $1.15 billion. Capital Research Global Investors grew its position by 19,386,783 shares, totaling 30,021,332 shares worth about $995.5 million. Vanguard Capital Management LLC owns 34,269,088 shares, with a slight decrease of 17,143 shares.

Tractor Supply Company Stock Up 3.1%

Tractor Supply Company shares are currently trading at $33.21, which is significantly below the new price target of $38.0 set by Citigroup. This target adjustment suggests that analysts see potential upside for the stock despite its recent trading level.

12-month forecast

$TSCO price target

Tractor Supply Company daily closes and this analyst's $38 target. Not advice.

Recent Earnings

Tractor Supply reported trailing twelve-month revenue of $15.75 billion, with an earnings per share of $1.92. The company's revenue growth year-over-year stands at 2.3%, and it has a net margin of 6.4%. The next earnings report is expected on October 22, 2026.

Insider Buying and Selling at Tractor Supply Company

Several insiders have recently purchased shares of Tractor Supply. Director Andre J. Hawaux bought 3,150 shares at an average price of $31.83 on August 3, 2026, totaling about $100,264. Director Edna K. Morris acquired 1,560 shares at $32.44 on August 4, 2026, valued at $50,606. CEO Harry A. Lawton III also bought 15,600 shares on the same day, totaling approximately $501,524. Additionally, Director Margaret M. Ham purchased 84 shares at $35.05 on September 4, 2026, worth about $2,975.

Analysts Set New Price Targets

On October 13, 2026, Citigroup maintained its Buy rating for Tractor Supply with a price target of $38.0, up from a prior target of $37.0. Goldman Sachs has also maintained its Buy rating with a target of $38.0, while Telsey Advisory Group holds an Outperform rating with a target of $38.0. The consensus among analysts suggests a positive outlook for the stock moving forward.

About Tractor Supply Company

Tractor Supply Company operates as a rural lifestyle retailer in the United States, providing a range of products for the agricultural community and rural lifestyle customers. The company focuses on serving the needs of farmers, ranchers, and rural homeowners, which positions it well in the consumer cyclical sector.

Bottom Line

Investors should keep an eye on the upcoming earnings report on October 22, 2026, for further insights into Tractor Supply's performance. Citigroup's reiteration of its Buy rating and target adjustment reflects a continued positive outlook for the company.