Raymond James Raises Tapestry Target to $115 as Coach Momentum Builds

Tapestry (NYSE:TPR) is one of the best multibagger stocks according to hedge funds. On July 22, 2025, Raymond James analyst Rick Patel reiterated his “Outperform” rating on Tapestry and raised the price target from $85 to $115.

Analysts, in general, point to accelerating momentum in the company’s Coach brand, particularly strong demand for its Tabby and Brooklyn bag lines, and noted improving web traffic as a signal of rising consumer interest.

Raymond James Raises Tapestry Target to $115 as Coach Momentum Builds

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They also pointed to operational streamlining following the sale of the Stuart Weitzman brand and emphasized the company’s focus on scaling its higher-margin core businesses. Analysts expect the sharpened portfolio to support margin expansion and top-line acceleration in the upcoming quarters.

Tapestry, Inc. (NYSE: TPR) is a New York–based luxury fashion company and the parent of Coach and Kate Spade. It designs and markets handbags, accessories, and footwear globally.

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While we acknowledge the potential of TPR to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than TPR and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.