Investors should snag shares of Tapestry on the dip, according to Wells Fargo. The bank reiterated an overweight rating on the fashion holding company and raised its price target to $120 per share from $100. The firm’s new forecast implies more than 25% upside from Thursday’s $95.69 close. Tapestry shares sold off nearly 16% on Thursday after the Coach parent warned that President Donald Trump’s tariffs will hit profits . However, Wells Fargo analyst Ike Boruchow said the pullback is a buying opportunity. TPR YTD mountain Tapestry stock in 2025. “While today’s selloff is due to a ‘weak’ FY26 outlook, we focus much more on the [near-term] topline trajectory — which continues to beat and is actually accelerating,” the analyst wrote Thursday. “We see Coach continuing to demonstrate upward momentum, while AUR dynamics appear intact. Further, post the court’s decision to block the deal with CPRI, TPR now has a war chest of cash to deploy back to shareholders via buyback should they choose, layering significant accretion opportunity into the model,” Boruchow said. Other analysts on the Street had a similar view. Barclays also advised clients to buy on the dip, while Morgan Stanley noted that the bar heading into the company’s fiscal fourth-quarter results was high given the stock’s year-to-date surge. Shares have gained more than 46% in 2025. Most analysts covering Tapestry are bullish. LSEG data shows that 15 of 21 covering the stock rate it a buy or strong buy.
