• Evercore ISI maintains an "Outperform" rating for Tapestry, Inc. (NYSE:TPR), raising the price target from $125 to $129.
• Tapestry receives an upgrade to a Zacks Rank #2 (Buy), indicating improved earnings prospects.
• Despite a recent price drop to $105.98, Tapestry's market capitalization and trading volume reflect strong investor interest and its significant presence in the luxury market.

Tapestry, Inc. (NYSE:TPR) is a leading house of modern luxury lifestyle brands. Known for its iconic brands like Coach, Kate Spade, and Stuart Weitzman, Tapestry operates in the fashion and accessories industry. The company competes with other luxury brands such as Michael Kors and Ralph Lauren. On November 3, 2025, Evercore ISI maintained its "Outperform" rating for TPR, with the stock priced at $109.82.

Evercore ISI's decision to raise Tapestry's price target from $125 to $129 indicates confidence in the company's future performance. This aligns with Tapestry's recent upgrade to a Zacks Rank #2 (Buy), which reflects growing optimism about its earnings prospects. The Zacks rating system focuses on a company's changing earnings picture, suggesting that Tapestry's financial outlook is improving.

Despite the positive sentiment, TPR's current price is $105.98, a decrease of $3.84 or -3.50%. The stock has fluctuated today between a low of $104.13 and a high of $109.995. Over the past year, TPR has seen a high of $118.56 and a low of $47.22, indicating significant volatility in its stock price.

Tapestry's market capitalization is approximately $22.06 billion, reflecting its substantial presence in the luxury market. Today's trading volume for TPR is 1,063,241 shares on the NYSE, showing active investor interest. The positive sentiment from Evercore ISI and Zacks suggests that Tapestry remains an attractive option for investors despite recent price fluctuations.