Tapestry Likely To Report Higher Q3 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

Tapestry, Inc. TPR is expected to report earnings for its third quarter before the opening bell on May 11, 2023.

Analysts expect the company to post quarterly earnings at 59 cents per share, up from year-ago earnings of 51 cents per share. The company’s revenue might come in at $1.44 billion.

Tapestry shares fell 3% to close at $37.14 on Wednesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Barclays analyst Adrienne Yih maintained an Equal-Weight rating and cut the price target from $50 to $45 on May 2, 2023. This analyst sees around 21% upside in the company’s stock and has an accuracy rate of 72%.
• UBS analyst Jay Sole maintained a Neutral rating and cut the price target from $44 to $42 on March 29, 2023. This analyst sees around 13% upside in the company’s stock and has an accuracy rate of 71%.
• Credit Suisse analyst Michael Binetti maintained an Outperform rating and raised the price target from $45 to $55 on Feb. 10, 2023. This analyst sees around 48% upside in the company’s stock and has an accuracy rate of 62%.
• Baird analyst Mark Altschwager maintained an Outperform rating and raised the price target from $45 to $52 on Feb. 10, 2023. This analyst sees around 40% upside in the company’s stock and has an accuracy rate of 67%.
• Citigroup analyst Paul Lejuez maintained a Buy rating and boosted the price target from $40 to $50 on Feb. 1, 2023. This analyst sees around 35% upside in the company’s stock and has an accuracy rate of 67%.

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