Tapestry (TPR, Financial) received a notable boost in its stock outlook as Wells Fargo analyst Ike Boruchow maintained an "Overweight" rating on the company, while raising the price target to $100.00 from a previous $90.00. This adjustment signifies an 11.11% increase in the price target.
The recent update from Wells Fargo reflects a continued confidence in Tapestry's market performance and growth potential. With the new price target set at $100.00, stakeholders are provided with an optimistic view of the company's prospects in the stock market.
As of May 14, 2025, Tapestry (TPR, Financial) remains under the "Overweight" category, consistent with Ike Boruchow's previous rating, indicating an expectation for the stock to outperform relative to the broader market. This reaffirmation and adjustment place Tapestry in a favorable position among investors looking for promising opportunities.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 18 analysts, the average target price for Tapestry Inc (TPR, Financial) is $89.50 with a high estimate of $110.00 and a low estimate of $62.00. The average target implies an upside of 5.89% from the current price of $84.53. More detailed estimate data can be found on the Tapestry Inc (TPR) Forecast page.
Based on the consensus recommendation from 22 brokerage firms, Tapestry Inc's (TPR, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Tapestry Inc (TPR, Financial) in one year is $49.43, suggesting a downside of 41.52% from the current price of $84.525. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Tapestry Inc (TPR) Summary page.
