Citi raises Tractor Supply target to USD 38 for Tractor Supply stock

Published on 10/18/2026 at 13:33 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue was USD 4.54 billion and adjusted earnings per share USD 0.81. October 22 results will test Tractor Supply stock.

Target change and earnings date

Citi raised its Tractor Supply target to USD 38.00 from USD 37.00 on October 13, 2026.
Second-quarter revenue reached USD 4.54 billion and adjusted earnings per share were USD 0.81.
Tractor Supply will report third-quarter results on October 22, 2026.

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Citi raised its price target for Tractor Supply Company to USD 38.00 from USD 37.00 on October 13, 2026, while keeping a Buy rating, according to Markets Insider. The move came as part of Citi's third-quarter earnings preview and puts the upcoming report at the center of the stock's next test.

What did Citi change?

Citi's October 13 note lifted the target by USD 1.00 and retained its Buy view. That position contrasts with a more cautious earnings backdrop: UBS maintained a Neutral rating and a USD 33.00 target on October 12, according to Investing.com.

Three dates shape the setup

On July 23, 2026, Tractor Supply reported second-quarter revenue of USD 4.54 billion and adjusted earnings of USD 0.81 per share, figures that missed consensus revenue of USD 4.64 billion and adjusted earnings of USD 0.85 per share, as Investing.com reported. On October 8, 2026, DA Davidson reiterated a Buy rating with a USD 36.00 target, according to the same published analyst coverage. On October 13, 2026, Citi raised its target to USD 38.00 from USD 37.00.

What will October 22 test?

Tractor Supply is scheduled to release third-quarter 2026 results before the market opens on October 22, 2026, followed by a conference call at 10:00 a.m. ET, according to the company's Tractor Supply Company. UBS said the report will help investors assess whether sales trends are stabilizing and whether the pet segment is improving. The comparison point is demanding because comparable-store sales fell 1.50 percent in the second quarter.

Retail scale meets an earnings test

Tractor Supply operated 2,463 stores in 49 states and 209 Petsense stores in 23 states as of June 27, 2026, according to the company's investor-relations information. That footprint gives the October report a wider relevance than a single quarter, but the numerical test remains revenue growth, comparable-store sales and profit conversion. On the Nasdaq, the stock closed at USD 33.16 on October 16, 2026.