Tapestry (TPR) Check-in: What Recent News, Price Swings, and AI Predictions Might Mean

Stock Symbol: TPR Generate Date: 2025-04-25 06:58:32

Let's take a look at Tapestry, the company behind brands like Coach and Kate Spade, ticker symbol TPR. We've got some recent news, a look at where the stock price has been, and a peek at what an AI model thinks might happen next.

Recent News Buzz: Analysts Like It, But Less So?

The main chatter around Tapestry lately comes from the big investment banks. Folks at Goldman Sachs, Citigroup, and Barclays have all put out reports recently. The good news? They still rate Tapestry positively – calling it a "Buy" or "Overweight," which generally means they think the stock could go up.

Here's the tricky part, though: all three of these banks lowered the price they expect the stock to reach in the future. Goldman Sachs dropped their target from $98 to $84, Citigroup went from $95 to $81, and Barclays cut theirs from $100 to $83. So, while they still like the company, their optimism about how much it's worth seems to have cooled off a bit.

Also on the calendar, Tapestry is set to announce its fiscal third-quarter results and hold a call about them on May 8th. Earnings reports are always a big deal and can definitely move the stock price depending on the results and what management says about the future.

Price Check: A Recent Slide

Looking at the stock's journey over the past couple of months, it hit a high point around $90 back in February. Since then, it's been a pretty bumpy ride, with the overall trend heading downwards. We saw a notable drop in early April. The last price point we have data for is a closing price of $68.30 on April 24th.

So, the stock has pulled back significantly from its recent highs and has been trending lower more recently.

Putting It Together: What Might Be Next?

Okay, let's connect the dots. We have analysts who still recommend buying the stock but have lowered their price targets. We have a stock price that's been falling lately. And then we have an AI prediction that suggests the stock could actually start climbing in the very near term – predicting small gains today and larger ones over the next couple of days (around +0.2% today, +2.3% tomorrow, and +3.9% the day after).

This creates a bit of a mixed picture. The analyst target cuts suggest some headwinds or reduced growth expectations, which might explain the recent price drop. However, the AI model seems to think the stock is potentially oversold or due for a bounce right now.

What does this suggest? The AI's forecast points to a potential upward move starting from the current levels. If you're looking at this stock, the area around the recent closing price ($68.30) and the suggested entry points from the recommendation data ($68.70 - $69.26) could be interesting to watch if you believe the AI's short-term prediction holds true.

Thinking about risk: If you consider getting in, having a plan for when to get out is crucial. The recommendation data suggests a potential stop-loss level around $61.46. This is well below the recent price and offers some room, but it's a level where you might consider cutting losses if the price keeps falling, especially since it's below the sharp dip we saw earlier in April.

For potential upside, the AI's short-term target is modest ($69.66), but the average analyst target is much higher, around $84.60. Reaching that higher target would likely depend on positive news, perhaps a strong earnings report in May, and a better overall market environment for luxury goods.

Company Context

Just a quick reminder: Tapestry is firmly in the luxury goods sector. This means its performance is closely tied to how consumers are feeling about spending on discretionary items, especially in key markets like North America and China. The analyst target reductions could be a signal that they see some challenges in these areas impacting future sales or profits.

Disclaimer: This analysis is based on the provided data and is for informational purposes only. It is not financial advice. Stock markets are volatile, and prices can go down as well as up. You should always conduct your own thorough research and consider consulting with a qualified financial advisor before making any investment decisions.