Investors ought to snag shares of Tapestry on the dip, based on Wells Fargo. The financial institution reiterated an chubby score on the style holding company and raised its worth goal to $120 per share from $100. The agency’s new forecast implies greater than 25% upside from Thursday’s $95.69 shut. Tapestry shares bought off practically 16% on Thursday after the Coach parent warned that President Donald Trump’s tariffs will hit income . However, Wells Fargo analyst Ike Boruchow mentioned the pullback is a shopping for alternative. TPR YTD mountain Tapestry inventory 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 on 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 mentioned. Other analysts on the Street had an analogous view. Barclays additionally suggested purchasers to purchase on the dip, whereas Morgan Stanley famous that the bar heading into the company’s fiscal fourth-quarter outcomes was excessive given the inventory’s year-to-date surge. Shares have gained greater than 46% in 2025. Most analysts masking Tapestry are bullish. LSEG knowledge reveals that 15 of 21 masking the inventory charge it a purchase or robust purchase.