Home Analyst Ratings Tapestry Stock Gets Reiterated At KeyBanc. It's Still Overweight

Tapestry [TPR] Stock Gets Reiterated At KeyBanc. It’s Still Overweight

KeyBanc maintained its Tapestry [TPR] rating to the equivalent of Overweight but changed the price target to $38.0 from $35, in a research note dated 2021-01-25. That figure represents around a 10.69% premium from where the company’s shares closed on Friday. Other analysts also revised their coverage, with HSBC Securities’s analysts downgrading the shares from “a Buy” rating to “a Hold” rating in a research note to investors issued in late December. Meanwhile, JP Morgan had raised its rating on TPR to “an Overweight” from the earlier “Neutral”, in a research note produced for clients on November 16, 2020. In addition, there was an upgrade from Cowen on November 11, 2020. The rater changed TPR from “a Market perform” to “an Outperform”.

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Is Tapestry Inc. [NYSE: TPR] a Good Buy Right Now?

It should be noted that TPR technical indicators for short, intermediate as well as long term progress have placed an overall average of 100% as Buy. The average signal changed from 100% Buy in the last week and compares with 100% Buy in the past month. Data from Tapestry Inc.’s Trend Spotter indicated that the signals were Strongest. The stock current average is 4.25 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 4.39 million shares while the medium-term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 5.44 million shares.


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TPR Price Performance

On Wall Street, Tapestry Inc. [NYSE:TPR] finished Friday’s session up 1.72% at $34.33. The stock went up to $34.34 at the same session while its lowest single-day price was $33.32. In the last five days, it saw a rise of about 0.79%, Tapestry Inc. shares gained by almost 10.46% since the beginning of the year. However, the share price has dropped to as low as -3.16% below its one-year high. On 01/12/21, the company shares recorded $35.45, the highest single-day price it has got to in the last 52-weeks, and a 52-week low was seen on 01/04/21, the same year at $31.62. The company’s shares have inclined by 22.87% in the past year. The 50-day SMA achieved is $30.39 while the 200-day SMA is $19.36. Volume gained to 3.71 million from 2.31 million in the previous session.

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