Tapestry Stock: A Deep Dive Into Analyst Perspectives (9 Ratings)
Portfolio Pulse from Benzinga Insights
Analysts have mixed views on Tapestry (NYSE:TPR), with 9 ratings ranging from bullish to bearish. The average 12-month price target is $40.56, down from $47.29. Actions by analysts include both raised and lowered ratings and price targets. Tapestry, owning brands like Coach, Kate Spade, and Stuart Weitzman, has shown positive revenue growth and strong financial health indicators. The company plans to acquire Capri, adding brands like Michael Kors, Versace, and Jimmy Choo.
January 30, 2024 | 3:00 pm
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Analysts show varied opinions on Tapestry, with an average 12-month price target of $40.56, indicating a downward revision from $47.29. The company's strong financial performance and planned acquisition of Capri could influence the stock.
The mixed analyst ratings and the reduction in the average price target suggest uncertainty, which could lead to a neutral short-term impact on Tapestry's stock price. However, the company's strong financial health and the strategic acquisition of Capri could be seen as positive indicators, potentially offsetting any negative sentiment from the lowered price targets.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100