Tapestry's updated narrative comes with only a slight trim to its fair value estimate to about $121.44 per share and a marginally lower discount rate of roughly 9.08 %, signaling a still constructive long term view. Revenue growth expectations have been nudged down to around 3.21 % annually as analysts balance strong brand momentum with tougher comparisons and macro uncertainty. Stay tuned to see how you can keep on top of these evolving assumptions as the story continues to develop.

Analyst Price Targets don't always capture the full story. Head over to our Company Report to find new ways to value Tapestry.

???? Bullish Takeaways

Multiple firms with positive or Overweight ratings have raised their price targets into a roughly $120 to $148 range, reinforcing a broadly constructive stance on Tapestry's risk or reward and supporting a premium to current intrinsic value estimates.

JPMorgan, with an Overweight rating, has twice lifted its target, most recently to $148 from $147 after its Global Luxury and Brands Conference, framing the company’s three year plan as a floor and pointing to potential upside if execution on growth and margin initiatives continues.

Morgan Stanley and Barclays, both Overweight, raised targets to $120 from $115 and to $127 from $111, respectively, citing brand momentum, attractive tariff resilience, and reiterated or extended financial targets through FY26 and FY28 as evidence of solid execution and durable category tailwinds, particularly in handbags.

Jefferies lifted its target to $135 from $125 while maintaining a Buy rating, pointing to strong fiscal Q1 alternative data and continued brand strength even as it acknowledges tougher comparisons ahead.

BofA, despite a Neutral stance, increased its target to $115 from $110 and nudged FY27 or FY28 EPS estimates higher on expectations for buybacks, incremental store contributions, and tariff mitigation, suggesting that capital allocation and operational levers can continue to support earnings and valuation.

???? Bearish Takeaways

Jefferies removed Tapestry from its list of top picks, even while staying Buy rated, as valuation and tougher Coach comparisons in North America raise the risk that a meaningful portion of upside is already reflected in the share price.

BofA’s Neutral rating, despite its higher target, underscores ongoing concerns that tariff headwinds may weigh on earnings and temper the pace at which Tapestry can translate its growth plan and buyback strategy into further multiple expansion.

Morgan Stanley acknowledges no major near term catalyst and expects the stock to grind higher over time rather than re rate sharply, highlighting a more measured view on how quickly execution and secular tailwinds can translate into incremental upside from here.

Do your thoughts align with the Bull or Bear Analysts? Perhaps you think there's more to the story. Head to the Simply Wall St Community to discover more perspectives or begin writing your own Narrative!

The Board of Directors authorized a new share repurchase plan of up to $3 billion in common stock through fiscal 2028, signaling continued confidence in Tapestry's cash generation and long term capital allocation strategy.

On September 10, 2025, Tapestry formally launched the new buyback program, underscoring management's commitment to returning capital to shareholders while retaining flexibility, as repurchased shares will be held as authorized but unissued for potential future corporate needs.

Under the May 12, 2022 authorization, Tapestry has retired 20,117,986 shares, or 8.62%, for approximately $938.31 million as of September 10, 2025, while the November 14, 2024 plan has removed 28,363,766 shares, or 12.17%, for $2.0 billion as of September 27, 2025.

Following the latest authorization on September 10, 2025, the company executed an initial tranche through September 30, 2025, repurchasing 2,410,393 shares, or 1.16%, for $261.6 million, further reducing the share count and reinforcing the focus on per share value creation.

The Fair Value Estimate edged down slightly to approximately $121.44 from about $121.68 per share, reflecting a modestly less optimistic intrinsic value projection.

The Discount Rate decreased marginally to roughly 9.08% from about 9.11%, implying a slightly lower required return on equity risk.

Revenue Growth was revised down modestly to approximately 3.21% from about 3.47% annually, signaling a more conservative top line outlook.

The Net Profit Margin improved slightly to about 16.89% from roughly 16.77%, indicating a small expected gain in underlying profitability.

The Future P/E ticked down marginally to around 23.19x from approximately 23.26x, suggesting a nearly unchanged valuation multiple on forward earnings.

Narratives turn raw numbers into a clear, evolving story. On Simply Wall St, a Narrative is your perspective on a company, linking its strategy and competitive position to explicit forecasts for revenue, earnings and margins, and then to a Fair Value. Hosted on the Community page used by millions of investors, Narratives help you decide when to buy or sell by comparing Fair Value to the current price, and they update dynamically as new news, earnings and analyst revisions are incorporated.

Read the original Tapestry Narrative to see how the story, the forecast and the valuation all connect in one place:

Track how extended buybacks, a growing Gen Z and millennial customer base, and international expansion underpin a long term earnings and Fair Value outlook in the Tapestry Narrative on Simply Wall St.

See how assumptions for revenue growth, margin expansion, falling share count and a future P/E of 18x roll up into a Fair Value around $121 and how that compares with today’s price.

Follow the Narrative so it updates automatically as tariff impacts, brand performance at Coach and Kate Spade, and new buyback tranches reshape the risk or reward.

Curious how numbers become stories that shape markets? Explore Community Narratives

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include TPR.

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