TPR Should I Buy
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Tapestry Inc (TPR) is a good buy for a beginner investor with a long-term strategy and $50,000-$100,000 available for investment. The company's strong financial performance, positive analyst ratings, and bullish technical indicators support this conclusion. While there are no recent news catalysts or significant trading trends, the overall sentiment and data suggest a favorable long-term investment opportunity.
The technical indicators for TPR are bullish. The MACD is positive and contracting, indicating upward momentum. The RSI is neutral at 61.187, and the moving averages are bullish (SMA_5 > SMA_20 > SMA_200). The stock is trading near its resistance level of R1: 153.162, with support at S1: 140.724. This suggests the stock is in an upward trend.
Strong financial performance in Q2 2026, with revenue up 13.98% YoY, net income up 80.83% YoY, and EPS up 94.20% YoY.
Positive analyst sentiment, with multiple price target increases and 'Outperform' or 'Buy' ratings.
Bullish technical indicators and positive market momentum.
No recent news or significant event-driven catalysts.
Neutral trading sentiment from hedge funds and insiders.
Lack of recent congress trading data.
In Q2 2026, Tapestry reported strong growth across key metrics. Revenue increased by 13.98% YoY to $2.502 billion, net income rose by 80.83% YoY to $561.3 million, and EPS surged by 94.20% YoY to 2.68. Gross margin improved to 75.46%, up 1.44% YoY, indicating efficient cost management and profitability.
Analysts are highly positive on TPR. Recent upgrades include Evercore ISI raising the price target to $180, JPMorgan to $190, and TD Cowen to $175, all maintaining 'Outperform' or 'Buy' ratings. Analysts highlight strong growth at Coach, improved margins, and positive trends in China as key drivers.
