Tapestry Inc. (TPR, Financial) has seen its stock price target lowered by Citi analyst Paul Lejuez, who adjusted the target from $95 to $81. Despite this revision, the analyst maintains a Buy rating on the shares.
The adjustment comes as the firm anticipates increased costs due to tariffs, as well as pressure on sales driven by a less favorable macroeconomic environment. These factors have prompted Citi to lower its estimates for the company.
This move highlights the challenges Tapestry faces in navigating the current economic landscape, with external factors influencing both its operating expenses and revenue potential.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 18 analysts, the average target price for Tapestry Inc (TPR, Financial) is $86.27 with a high estimate of $110.00 and a low estimate of $59.84. The average target implies an upside of 37.22% from the current price of $62.87. More detailed estimate data can be found on the Tapestry Inc (TPR) Forecast page.
Based on the consensus recommendation from 22 brokerage firms, Tapestry Inc's (TPR, Financial) average brokerage recommendation is currently 2.1, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Tapestry Inc (TPR, Financial) in one year is $46.24, suggesting a downside of 26.45% from the current price of $62.87. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Tapestry Inc (TPR) Summary page.
