Baird analyst Mark Altschwager lowered his price target for Tapestry stock to $150 from $165 on October 27, 2026, while maintaining an Outperform rating.
Tapestry stock target and rating
The $15 reduction represents a 9.09% cut to Baird’s previous target. The retained Outperform rating indicates that the firm still expects the shares to outperform the market, despite the lower target.
Tapestry shares were quoted at $110.90 in the available information, below the new target. The quotation was not identified as a closing price. A price target is an analyst’s assessment, not a guaranteed future share price.
Tapestry’s business
Tapestry sells luxury accessories and lifestyle products through brands including Coach, Kate Spade and Stuart Weitzman. Its shares trade under the ticker TPR.
The available information does not provide a specific explanation from Altschwager for the target reduction.
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