Stock Track | Tapestry Soars 5.47% Intraday on Analyst Upgrades and Price Target Hikes

Stock Track05-08

Tapestry Inc. (TPR) shares surged 5.47% during intraday trading on Friday, marking a significant upward movement for the fashion holding company.

The sharp rise appears to be driven by a wave of positive analyst actions. UBS upgraded Tapestry from Neutral to Buy and substantially raised its price target to $187 from $142. Simultaneously, JP Morgan increased its price target on the stock to $200 from $190. These bullish calls, highlighting increased confidence in the company's outlook, have fueled investor optimism and buying activity.

Other analysts also maintained positive stances, with BTIG reiterating a Buy rating and a $180 price target. The collective upbeat sentiment from major financial institutions provided a strong catalyst for the stock's notable intraday gain.

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