Capri Holdings (CPRI) Soars 12% as Analyst Turns Bullish

We recently published 10 Stocks With Whopping 11-97% Upside. Capri Holdings Ltd. (NYSE:CPRI) is one of the best-performing stocks on Wednesday.

apri Holdings rallied for a second day on Wednesday, soaring 12.28 percent to end at $22.03 apiece, after investment firm JPMorgan turned bullish on the company.

In a market note, JPMorgan upgraded Capri Holdings Ltd. (NYSE:CPRI) to “overweight” from “neutral” on expectations of a sequential growth in revenues, as well as gross and operating margins, amid ongoing strategies and efforts for the Michael Kors brand by rolling out new designs, selling items at a full price, and cutting back on discounts.

Additionally, JPMorgan turned optimistic about the company’s 25-percent decline in the number of Michael Kors stores, saying that it would help make the brand more exclusive and profitable.

Growth is also expected to come from higher prices to offset tariffs and its deal to sell the underperforming brand Versace.

In the first quarter of fiscal year 2026 ending June, Capri Holdings Ltd. (NYSE:CPRI) said it swung to an attributable net income of $53 million from a $14 million net loss in the same period last year. Total revenues, however, were lower by 6 percent to $797 million from $848 million year-on-year.

For the full fiscal period, the company is targeting revenues of $3.375 billion to $3.45 billion, with the Michael Kors brand accounting for the bulk, or $2.8 billion to $2.875 billion.

In the second quarter alone, total revenues were pegged at $815 million to $835 million.