Raymond James cuts target for Tapestry stock to USD 140.00
Published on 10/18/2026 at 13:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst and calendar signals
- Raymond James lowered its Tapestry price target to USD 140.00 on October 16, 2026.
- Fiscal year 2026 revenue reached USD 8.0 billion, up 14 percent from the prior year.
- Tapestry's next earnings report is scheduled for November 5, 2026.
Tapestry Inc. (ISIN US8760301072) faces a lower analyst target after Raymond James cut its view to USD 140.00 from USD 165.00 on October 16, 2026. According to Markets Insider, the firm kept an Outperform rating.
Target cut tests the growth story
The revised target follows a strong fiscal year 2026 operating performance. Tapestry reported USD 8.0 billion in revenue for the year, an increase of 14 percent from fiscal year 2025, while operating margin reached 23.4 percent.
The company also reported adjusted earnings per share of USD 7.05 for fiscal year 2026, representing growth of 38 percent. Those figures give the target reduction a more specific context: the debate has shifted from recovery to how much of the recent growth can continue.
What does the target mean?
Raymond James cited Coach momentum, higher average unit retail, international growth and lower promotions in its October 16 note, while describing mid-single-digit fiscal year 2027 revenue growth and margin expansion as achievable. The report therefore combines a lower valuation marker with a still-positive operating view.
Three dated steps for Tapestry
On September 24, 2026, Tapestry's fiscal year 2026 filing highlighted USD 8.0 billion of revenue and 14 percent growth, according to the SEC. On September 25, 2026, the proxy notice named 11 director nominees for the annual meeting, also according to the SEC. The October 16 target revision is the latest of the three events.
Two dates set the next test
Tapestry is scheduled to report its next results on November 5, 2026, according to Yahoo Finance. The annual meeting follows on November 11, 2026, with 11 director seats on the agenda, according to the SEC.
Calendar matters more now
The November earnings report will be the next hard test of whether Tapestry can convert its fiscal year 2026 revenue growth into another year of margin expansion. The annual meeting adds a governance date to the same investor timetable. The further course of trading is shown by the continuously updated real-time quote of Tapestry stock.
Tapestry stock facts
- Company: Tapestry, Inc.
- ISIN: US8760301072
- Ticker: TPR
- Primary exchange: NYSE
- Sector / Industry: Consumer Cyclical / Luxury Goods
Market context: Market report S&P 500.
