Analyst Expectations For Tapestry's Future
Portfolio Pulse from Benzinga Insights
Analyst evaluations of Tapestry (NYSE:TPR) over the last three months show diverse outlooks, with a recent trend towards bullish sentiment. The average 12-month price target for TPR is now $50.6, reflecting a 15.0% increase from the previous target. Tapestry's financial performance is strong, with notable revenue growth, net margin, ROE, and ROA, despite a high debt-to-equity ratio. The company's acquisition of Capri, including brands like Michael Kors, Versace, and Jimmy Choo, could further impact its market position.
March 27, 2024 | 3:00 pm
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Tapestry's diverse analyst outlooks have recently trended bullish, with an updated average 12-month price target of $50.6. Strong financial performance and strategic acquisition of Capri could influence its market position positively.
The recent bullish sentiment among analysts, combined with Tapestry's strong financial performance and strategic acquisition of Capri, suggests a positive short-term impact on TPR's stock price. The upward revision of the 12-month price target and the company's solid fundamentals, including revenue growth and profitability, support this outlook. However, the high debt-to-equity ratio introduces some caution.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100