In a recent update, Barclays analyst Adrienne Yih has maintained the 'Overweight' rating on Tapestry (TPR, Financial), reflecting a consistent positive outlook. The rating remains unchanged from its previous status, indicating continued confidence in the company's performance.
Notably, the analyst has revised the price target for Tapestry (TPR, Financial) upwards. The new price target is set at $105.00, an increase from the prior target of $98.00. This adjustment represents a percentage change of 7.14%, highlighting a robust growth expectation for the stock.
The adjustment in the price target by Barclays is a significant development for Tapestry (TPR, Financial), as it signifies enhanced prospects and potential value appreciation in the stock market.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 17 analysts, the average target price for Tapestry Inc (TPR, Financial) is $90.09 with a high estimate of $105.00 and a low estimate of $65.54. The average target implies an downside of 7.48% from the current price of $97.37. More detailed estimate data can be found on the Tapestry Inc (TPR) Forecast page.
Based on the consensus recommendation from 21 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 $49.71, suggesting a downside of 48.95% from the current price of $97.37. 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.
