When will the Tesco share price reach £4?
The Tesco (LSE:TSCO) share price has been on fire since 2024. Despite the fiercely competitive landscape, the UK’s largest grocery retailer has seen its valuation climb more than 30% over the last 12 months. As a result, the stock price is seemingly on track to hit £4 for the first time since 2011.
Looking at the latest results, it isn’t hard to see why investors are excited. Better-than-expected profits have enabled management to raise its full-year outlook as well as reward loyal shareholders with a 10% dividend hike. But can Tesco maintain this momentum moving forward? And if it does, how long will it take before shares once again trade at £4 for the first time in over a decade?
