CPRI Similar Chart Price Prediction
The price of CPRI is predicted to go up 30.61%, based on the high correlation periods with MX. The similarity of these two price pattern on the periods is 94.88%.
CPRI
MX
Up: 30.61%Similarity: 94.88%
CPRI Revenue Forecast
CPRI EPS Forecast
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CPRI VS S&P500
Capri has agreed to be acquired by Tapestry for $57 per share.
Michael Kors is one of the largest brands in terms of units and sales in the high-margin handbag market. Tapestry's experience in managing handbag brands Coach and Kate Spade should allow for improved management.
Jimmy Choo and Versace are two luxury brands that provide sales and margin growth opportunities for expected new owner Tapestry.
CPRI Analyst's Forecast
Ike Boruchow
Wells Fargo
Buy
2025-01-27
Price Target
$28 → $30
Upside
+16.1%
Wells Fargo raised the firm's price target on Capri Holdings (CPRI) to $30 from $28 and keeps an Overweight rating on the shares. The firm notes that it upgraded Capri to OW earlier this month and named a Top Pick after the FTC blocked their merger with Tapestry (TPR) - which caused the stock to plummet over 50% after hours. Wells believes there are two significant opportunities for upside here, namely the potential for several hundred bps of margin upside via cost controls/restructurings that the Street is missing, and the potential sale of the Versace brand and what it means to equity holders.
Simeon Siegel
BMO Capital
Hold → Buy
2025-01-06
Price Target
$25 → $31
Upside
+41.62%
Robert Drbul
Guggenheim
Hold → Strong Buy
2024-11-26
Price Target
$30
Upside
+31.52%
