TSCO Price Prediction Next Week
Technical Analysis: Based on the latest market data, TSCO is showing mixed technical signals:
- RSI-14 at 53.07 indicates neutral momentum
- MACD (0.52) and Signal (0.24) lines are both positive, suggesting bullish momentum
- Stochastic RSI (85.79) indicates overbought conditions
- Price is trading between Bollinger Bands (BBL: 50.60, BBM: 55.82, BBU: 61.04)
News Impact:
- Recent positive news: TSCO announced a 4.5% dividend increase and $1 billion share repurchase authorization on Feb 13
- However, stock dropped 5% after Q4 earnings release due to weaker-than-expected profits despite revenue growth
Price Prediction for Next Week:
Target Levels:
- Resistance: $57.71 (Fibonacci R1)
- Support: $53.46 (Fibonacci S1)
Based on technical indicators and recent news:
- Most likely scenario (60% probability): Price consolidation between $55-57 range
- Bullish case (25%): Break above $57.71 could push price to $59.02 (Fibonacci R2)
- Bearish case (15%): Break below $53.46 could see price test $52.15 (Fibonacci S2)
Trading Recommendation: SELL with target entry at $57.50
- Stop loss: $58.50
- First target: $55.50
- Second target: $53.50
Rationale:
- Overbought conditions on stochastic indicators
- Price near upper Bollinger Band
- Recent earnings disappointment could continue to pressure stock
- Current price ($56.37) is in resistance zone
TSCO Similar Chart Price Prediction
The price of TSCO is predicted to go up 33.33%, based on the high correlation periods with ZYXI. The similarity of these two price pattern on the periods is 93.74%.
TSCO
ZYXI
Up: 33.33%Similarity: 93.74%
TSCO Revenue Forecast
TSCO EPS Forecast
TSCO FAQs
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TSCO VS S&P500
Tractor Supply has room for store growth, which should help it achieve high-single-digit EPS growth over the next decade (in line with the 8%-11% it expects). A quicker-than-expected rollout of side lot projects could lead to faster sales growth than we expect.
A unique merchandise assortment partially insulates the firm from e-commerce competitors, offering products that have either immediate need or are expensive to ship.
With its distribution network continuing to evolve, Tractor Supply should be able to leverage logistics expenses better, leading to improving distribution costs.
TSCO Analyst's Forecast
Elizabeth Suzuki
B of A Securities
Sell
2025-01-16
Price Target
$44 → $53
Downside
-0.99%
BofA raised the firm's price target on Tractor Supply to $53 from $44 and keeps an Underperform rating on the shares. The firm fine-tuned estimates and rolled forward valuation to its FY26 estimates. The firm believes a multiple below historical averages is warranted given growth headwinds into 2025, but expects the company's "Life Out Here" strategic initiatives to position the company well for growth as macro pressures subside, the analyst tells investors.
David Bellinger
Mizuho
Hold → Buy
2025-01-06
Price Target
$54 → $60
Upside
+11.84%
Seth Sigman
Barclays
Hold
2024-12-30
Price Target
$52 → $52
Downside
-1.12%
