Tapestry Stock Is Soaring: Why The Stock Has At Least 10% More Upside Potential

• Tapestry (TPR) stock has shown a highly constructive technical breakout, advancing to overcome strong resistance at the $145 mark.

• The stock currently has an overall “Buy” technical opinion of 48% from Barchart, confirming that medium and long-term indicators fully support the continuation of the upward trajectory. This is towards the high end, but still within my typical sweet spot for this indicator.

• Momentum has turned aggressively positive, with the luxury retailer posting a strong recent gain as buyer buildup accelerates.

• After beating its strong quarterly earnings and raising its guidance, TPR is forming a bullish technical “ladder” pattern. In a market that looks beyond AI stocks, it has a solid opportunity to rise at least 10% in the medium term.

Today’s Featured Actions

Valued at $28 billion, Tapestry (TPR) is a leading modern luxury house based in New York that oversees an iconic portfolio that includes Coach, Kate Spade and Stuart Weitzman. The company leverages a portfolio of high-margin premium leather products, an accelerating Gen Z digital loyalty app ecosystem, and an innovative artificial intelligence platform, Mira, to scale global operations and maintain highly reliable cash flows.

what I’m seeing

I found today’s Chart of the Day using Barchart’s powerful selection features to select stocks with noticeably improved technicals, a combination of momentum, strength and direction. I then used Barchart’s Flipcharts feature to review the charts for timely opportunities. TPR checks those boxes.

More Barchart news

TPR has undergone a classic technical reversal, rising sharply from its mid-May corrective low of $128. Its 20-day exponential moving average has moved into a pattern that historically translates to a “high shooting percentage.” The main reason TPR is today’s chart of the day is the shape of the price oscillator (PPO). This reveals a clear bullish crossover emerging from deeply compressed territory, indicating that institutional money is driving this expansion trend beneath the surface. There was some post-earnings profit taking, but that may be behind us now.

Bar Chart Technical Indicators for Tapestry

Editor’s note: The technical indicators below are updated live during the session every 20 minutes and can therefore change each day as the market fluctuates. Therefore, the indicator numbers shown below may not match what you see live on the Barchart.com website when you read this report.

• 48% Opinion on the “Buy” bar chart: The composite indicator signals a clear “buy” stance. While short-term metrics point to a brief consolidation phase, long-term trend lines fully align with sustained bullish expansion.

• Trend Finder Status: The system maintains an active buy signal as the price comfortably exceeds the limits of the short-term moving average on expanding volume.

• The next logical upside target is around $162. This aligns with the stock’s main 52-week top, representing a prime opportunity to “fill the gap” before testing uncharted territory.

Don’t forget the fundamentals

• $28 billion market capitalization.

• 21x final price-earnings ratio.

• 1.42x PEG ratio, which shows a very reasonable valuation in relation to its future growth profile.

• 1.42x 60-month beta, indicating that this stock has been 40% more volatile than the S&P 500 index. If a stock is falling, it is not good news. But this report is about a stock that is trending up. That’s why we want more upside volatility.

Analyst and investor sentiment on TPR

• Wall Street Analysts: A consensus of 21 analysts surveyed by Barchart rates TPR as “Buy strong” Fifteen of them maintain an explicit “strong buy” recommendation.

• Price Targets: The 12-month targets range from a conservative low of $110 to an ambitious high of $200, bringing the average consensus target to $166.

The conclusion on the trade policy review

Tapestry is executing a clear technical reversal, demonstrating that deep institutional accumulation has likely exhausted previous distributional pressures. Backed by an impressive 27% earnings surprise and stronger full-year guidance, the stock’s current price structure offers an entry profile for impulse buyers, in a market increasingly hungry for high-confidence ideas.

On the date of publication, Jim Van Meerten had no (directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article are for informational purposes only. This article was originally published on Barchart.com