Deep Dive Into Tapestry Stock: Analyst Perspectives (5 Ratings)
Portfolio Pulse from Benzinga Insights
The article provides an in-depth analysis of Tapestry (NYSE:TPR) based on recent analyst ratings. Over the past 30 days, Tapestry received 5 ratings: 1 bullish and 4 somewhat bullish. Analysts have adjusted their 12-month price targets, with an average target of $52.8, slightly lower than the previous $53.6. Key analysts from Argus Research, JP Morgan, Baird, and Telsey Advisory Group have maintained or lowered their ratings and price targets. Tapestry's financial performance shows strong profitability and effective cost management, but concerns arise from its high debt-to-equity ratio.
June 18, 2024 | 2:00 pm
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Tapestry (NYSE:TPR) received mixed analyst ratings with 1 bullish and 4 somewhat bullish ratings in the past 30 days. The average 12-month price target is $52.8, slightly lower than the previous $53.6. Analysts from Argus Research, JP Morgan, Baird, and Telsey Advisory Group have maintained or lowered their ratings and price targets. Tapestry shows strong profitability and effective cost management but has a high debt-to-equity ratio.
The mixed analyst ratings and slight decrease in the average price target suggest a neutral short-term impact on Tapestry's stock price. While the company shows strong profitability and effective cost management, the high debt-to-equity ratio raises concerns, balancing the overall sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100