In a report released today, Oliver Chen from TD Cowen maintained a Buy rating on Tapestry, with a price target of $125.00.
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Oliver Chen’s rating is based on a positive outlook for Tapestry’s financial performance, particularly the projected earnings per share (EPS) growth. The updated financial model indicates a favorable increase in EPS for fiscal year 2026, suggesting strong potential for profitability.
Chen’s analysis likely considers Tapestry’s strategic initiatives and market position, which are expected to drive this anticipated growth. The combination of these factors supports a Buy rating, reflecting confidence in the company’s ability to deliver shareholder value.
According to TipRanks, Chen is a 4-star analyst with an average return of 7.3% and a 53.01% success rate. Chen covers the Consumer Cyclical sector, focusing on stocks such as Ermenegildo Zegna, Tapestry, and Canada Goose Holdings.
In another report released on September 18, Wells Fargo also maintained a Buy rating on the stock with a $120.00 price target.