TD Cowen analyst John Kernan has reiterated their bullish stance on RL stock, giving a Buy rating today.
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John Kernan’s rating is based on several compelling factors that highlight Ralph Lauren’s strong potential for growth. The company’s management has laid out an ambitious yet achievable three-year plan, projecting significant revenue and operating margin improvements. This plan is underpinned by strategic initiatives in supply chain optimization, cost savings, and leveraging data and AI analytics to drive productivity.
Furthermore, Ralph Lauren’s unique positioning in the luxury market, combined with its timeless product offerings, continues to resonate with consumers. The company’s confidence in achieving its targets is evident, as it aims for a notable increase in earnings per share by fiscal year 2028. These factors, along with a history of exceeding past targets, contribute to Kernan’s optimistic Buy rating for the stock.
In another report released today, Evercore ISI also maintained a Buy rating on the stock with a $340.00 price target.