Palantir a high-risk investment with ’a one-of-a-kind growth and margin model’
Tapestry (NYSE:TPR) Inc stock reached an all-time high of $107.58, marking a significant milestone for the $22.07 billion market cap company. According to InvestingPro analysis, the stock appears to be trading above its Fair Value, with impressive gross profit margins of 75%. Over the past year, Tapestry has experienced remarkable growth, with its stock price increasing by 164%. This surge reflects strong investor confidence and a positive market response to the company’s strategies and performance. InvestingPro data reveals the stock is trading at a P/E ratio of 27.5, with analysts projecting continued profitability. The achievement of this all-time high underscores Tapestry’s robust financial health and its ability to navigate market challenges effectively. As the company continues to expand its brand portfolio and explore new market opportunities, investors remain optimistic about its future growth prospects. InvestingPro has identified 17 additional investment tips for Tapestry, available exclusively to subscribers through their comprehensive Pro Research Report.
In other recent news, Tapestry Inc. has reported financial results that exceeded expectations in both revenue and earnings, showcasing strong brand performance, particularly from its Coach brand. This financial success has led BMO Capital Markets to raise its price target for the company to $80, maintaining a Market Perform rating. Similarly, Citi has increased its price target to $94, continuing to recommend a Buy rating, citing a notable 15% currency-neutral increase in Coach’s sales in the third quarter. Raymond (NSE:RYMD) James has also adjusted its price target for Tapestry, raising it to $115 from $85, while maintaining an Outperform rating, emphasizing the company’s growth potential. Additionally, Bernstein SocGen Group reiterated its Outperform rating with a $100 price target, highlighting the sustainable momentum of the Coach brand and its appeal to younger consumers. Despite the strong performance of the Coach brand, Citi noted that the Kate Spade brand has not met expectations, although efforts to revamp it are underway. These developments indicate significant confidence among analysts regarding Tapestry’s potential for continued growth.
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