In-Depth Examination Of 17 Analyst Recommendations For Tractor Supply
Portfolio Pulse from Benzinga Insights
A comprehensive review of 17 analyst recommendations for Tractor Supply (NASDAQ: TSCO) reveals a diverse range of opinions, with a shift towards more bullish sentiments in recent months. The average 12-month price target has risen to $255.94, indicating a 7.9% increase from the previous target. Analysts have adjusted their ratings and price targets based on market conditions and company performance, with several raising their expectations. Tractor Supply, a leading retail farm and ranch store operator in the US, has shown strong financial health despite a revenue decline of -8.65% in the last quarter of 2023.
April 16, 2024 | 6:01 pm
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Tractor Supply has received diverse analyst ratings, with a general trend towards bullishness. The average 12-month price target has been raised to $255.94, reflecting optimism about the company's future performance despite a recent revenue decline.
The increase in the average price target and the positive adjustments in analyst ratings suggest a bullish outlook for TSCO in the short term. Despite the revenue decline, the company's strong financial health, including high net margin and ROE, supports a positive impact on its stock price. The diverse range of analyst opinions, with a shift towards more bullish sentiments, indicates growing confidence in the company's market position and future performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100