TD Cowen Reaffirms Buy Rating on Tapestry (TPR) After CEO Meeting

Tapestry Inc. (NYSE:TPR) ranks among the best performing retail stocks in 2025. TD Cowen reaffirmed its Buy rating and $120 price target for Tapestry Inc. (NYSE:TPR) on November 19 after visiting the company’s archive and workshop facilities and meeting with the CEO and CFO. According to TD Cowen, the company has evolved from 35% to 65% evergreen products, which enables more effective inventory management while promoting broader concepts.

The rating came after Tapestry’s record first-quarter fiscal 2026 results, which outperformed analyst forecasts. Tapestry Inc. (NYSE:TPR) generated $1.7 billion in revenue and earned $1.38 per share, indicating 16% sales increase and 35% EPS growth year-over-year. Coach, the company’s flagship brand, drove its overall rise with a 21% revenue increase, while Kate Spade continued to suffer with a 9% drop.

TD Cowen acknowledged that Kate Spade is still a “work-in-progress” that requires patience, though it voiced confidence in the “One Coach” strategy provided it is implemented well across collection and outlet product lines.

Tapestry Inc. (NYSE:TPR) provides luxury accessories and branded lifestyle products in North America, Greater China, the rest of Asia, and internationally. The company operates in three segments: Coach, Kate Spade, and Stuart Weitzman.

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.

READ NEXT: 10 Best Magic Formula Stocks for 2025 and 10 Best Retirement Stocks to Buy According to Hedge Funds.

Disclosure: None. This article is originally published at Insider Monkey.