Tapestry, Inc. (TPR) Gets Price Target Boost as Baird Updates Model

Tapestry, Inc. (NYSE:TPR) is included among

12 Unstoppable Dividend Stocks to Buy According to Analysts.

On February 6, Baird raised its terms proposal connected Tapestry, Inc. (NYSE:TPR) to $160 from $140. The steadfast besides kept an Outperform standing connected the shares. The update came aft the steadfast refreshed its exemplary pursuing Tapestry’s Q2 results.

Tapestry raised its full-year targets for the 2nd time, helped by beardown request for its Tabby handbags. The affordable luxury marque had a beardown vacation quarter, beating expectations with country to spare. Much of that momentum came from affluent Gen Z shoppers, who person been buying Tabby bags priced betwixt $295 and $725. The inclination has intelligibly favored the Coach label, particularly arsenic competitors similar Michael Kors person struggled to link with much selective customers.

Coach posted a 25% leap successful gross to $2.14 cardinal successful the 2nd quarter. That effect easy topped analysts’ expectations for astir 14.5% growth, based connected information from LSEG. Following the beardown quarter, Tapestry lifted its full-year adjusted net outlook to $6.40 to $6.45 per share, up from its anterior scope of $5.45 to $5.60.

The institution present expects operating margins to amended by astir 180 ground points this year, compared with an earlier people of astir 50 ground points. Full-year gross is projected to transcend $7.75 billion, up from astir $7.3 cardinal previously. Tapestry besides accrued its expected stock buybacks for fiscal 2026 to astir $1.2 billion, from $1 billion.

Tapestry, Inc. (NYSE:TPR) operates a portfolio of accessories and manner brands that includes Coach and kate spade caller york. Coach is positioned arsenic a planetary manner location offering accessories and manner collections crossed a wide scope of categories.

While we admit the imaginable of TPR arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you’re looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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