Oliver Chen, an analyst from TD Cowen, maintained the Buy rating on Tapestry. The associated price target was lowered to $120.00.
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Oliver Chen’s rating is based on a combination of factors including the recent update to the financial model following Tapestry’s first-quarter 2026 earnings report. The decision to maintain a Buy rating is supported by the company’s strong projected earnings, which are reflected in the price target of $120.
Chen’s analysis indicates confidence in Tapestry’s future performance, as demonstrated by the valuation at approximately 19 times the forward earnings, significantly higher than the three-year average of around 11 times. This suggests that the stock is expected to deliver substantial returns, justifying the Buy recommendation.
According to TipRanks, Chen is a 4-star analyst with an average return of 6.2% and a 53.01% success rate. Chen covers the Consumer Cyclical sector, focusing on stocks such as Tapestry, Canada Goose Holdings, and Kering SA.
In another report released today, Bernstein also maintained a Buy rating on the stock with a $115.00 price target.