Tapestry Likely To Report Higher Q1 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Portfolio Pulse from Lisa Levin
Tapestry, Inc. (NYSE:TPR) is expected to report higher Q1 earnings for fiscal 2024 on Nov. 9, 2023. Analysts predict earnings of 90 cents per share, up from 79 cents per share a year ago, and revenue of $1.54 billion, up from $1.5 billion. However, the company's shares fell 0.1% to close at $27.46 on Wednesday. Several analysts have recently adjusted their price targets for the company, with changes ranging from $40 to $60.
November 09, 2023 | 7:51 am
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Tapestry is expected to report higher Q1 earnings for fiscal 2024. However, the company's shares fell 0.1% recently. Analysts have adjusted their price targets for the company, with changes ranging from $40 to $60.
The news of expected higher earnings for Tapestry could have a positive impact on the stock. However, the recent fall in the company's shares and the mixed adjustments in price targets by analysts may create uncertainty in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100