Ralph Lauren price target raised to $350 from $335 at Needham

Needham raised the firm’s price target on Ralph Lauren (RL) to $350 from $335 and keeps a Buy rating on the shares ahead of the company’s Investor Day next week. Ralph Lauren’s multi-year brand-elevation strategy continues to bear fruit, and the stock has been a rare source of stability for investors during the chaotic environment for brands/retailers in recent years, the analyst tells investors in a research note. The company continues to have compelling top- and bottom-line growth opportunities, and the conservative “reverse hockey stick” FY26 guidance should yield a solid beat-and-raise setup for the coming quarters, the firm added.