Bullish indicating open at $55-$60, IPO prices at $37
Investing.com - Evercore ISI has raised its price target on Tapestry Inc. (NYSE:TPR) to $130.00 from $97.00 while maintaining an Outperform rating on the stock. The stock is currently trading at $109.09, near its 52-week high of $113.08, having delivered an impressive 191.92% return over the past year. According to InvestingPro data, analyst targets for TPR range from $64 to $145.
The significant price target increase of approximately 34% comes as Evercore sees potential upside to consensus estimates for Tapestry’s fiscal fourth quarter and initial fiscal year 2026 guidance.
Evercore believes these factors could support the stock in the near term, despite Tapestry shares having already appreciated considerably.
The research firm identified a key debate around whether Coach North America has sufficient momentum to drive estimates higher as comparisons become more challenging in the coming quarters.
Specifically, Evercore noted that comparisons will become 10 percentage points tougher in the fiscal second quarter and another 8 percentage points more difficult in the fiscal third quarter, while consensus estimates project just 4% and 3% growth for Coach North America in those respective quarters.
In other recent news, Tapestry Inc. has received notable attention from several investment firms. UBS has raised its price target for Tapestry to $112, emphasizing the strong performance of the Coach brand during the fourth quarter and into the first quarter. UBS maintains a Neutral rating on the stock but anticipates solid guidance for the upcoming fiscal year. Meanwhile, Raymond (NSE:RYMD) James has also increased its price target to $115, citing Tapestry’s growth potential through various strategic initiatives such as innovation and marketing. The firm continues to rate the company as Outperform, indicating confidence in its long-term growth prospects. Additionally, Bernstein SocGen Group reiterated its Outperform rating with a $100 price target, pointing to the sustainable momentum of the Coach brand. Bernstein’s analysis is based on meetings with Tapestry’s leadership and surveys showing Coach’s appeal to younger consumers. These developments reflect a positive outlook from analysts regarding Tapestry’s future performance.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.