Tapestry (TPR) Upgraded to Buy: Here's Why

Core Viewpoint - Tapestry (TPR) has been upgraded to a Zacks Rank 2 (Buy) due to an upward trend in earnings estimates, indicating a positive earnings outlook that could lead to increased stock prices [1][3]. Earnings Estimates and Stock Price Movement - The Zacks rating system is based solely on a company's changing earnings picture, which is a significant factor influencing stock prices [1][2]. - A strong correlation exists between changes in earnings estimates and near-term stock price movements, with institutional investors playing a role in this relationship [4]. Tapestry's Earnings Outlook - The recent upgrade for Tapestry reflects an improvement in the company's underlying business, which is expected to drive the stock price higher as investors recognize this trend [5]. - Tapestry is projected to earn $5.47 per share for the fiscal year ending June 2026, with a 0.4% increase in the Zacks Consensus Estimate over the past three months [8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with a proven track record of Zacks Rank 1 stocks generating an average annual return of +25% since 1988 [7]. - Tapestry's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, indicating strong potential for market-beating returns in the near term [10].