Analyst Brooke Roach of Goldman Sachs maintained a Buy rating on Tapestry, retaining the price target of $118.00.
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Brooke Roach’s rating is based on the strong performance of the Coach brand, which continues to show solid momentum driven by positive brand sentiment and sustained franchise strength. The brand’s pricing power is evident, and recent data indicates that Coach is leading its peers in Google search interest, with increasing engagement across various product lines such as Tabby and Brooklyn. Additionally, Coach’s growth is supported by healthy average unit retail (AUR) growth and reduced promotional activities.
While the Kate Spade brand is experiencing softer trends, it is a smaller contributor to Tapestry’s overall profitability. Management has already adjusted expectations as they work on turning the brand around. Roach also considers the upcoming guidance for FY26 and management’s strategies for mitigating tariffs and achieving profitable growth for Kate Spade as key factors in her Buy rating for Tapestry.
Roach covers the Consumer Cyclical sector, focusing on stocks such as Crocs, Deckers Outdoor, and Nike. According to TipRanks, Roach has an average return of 5.3% and a 55.94% success rate on recommended stocks.
In another report released today, Wells Fargo also maintained a Buy rating on the stock with a $120.00 price target.