Tapestry Likely Delivering EPS Upside Surprises, UBS Says

12:55 PM EST, 11/06/2026 (MT Newswires) -- Tapestry (TPR) should be able to deliver EPS upside surprises, driving its price-earnings ratio higher, after reporting "very solid" Q1 performance, UBS said in a note Thursday. "TPR has the brand strength, product engine, marketing budget, and balance sheet to power big growth," the note said, adding that it also has the best AI capabilities to drive more growth. UBS analysts raised their fiscal 2027 to 2029 EPS estimates by about 1% to 4%, with fiscal 2028 estimate of $9.75 sitting 8% above consensus estimate. The report said the market is focused on the fashion cycle, missing the bigger picture around AI. "Once the market realizes TPR has durable LT growth potential, we think the stock's P/E will rise to 18x from ~15x today," it said. UBS kept its buy rating while raising its price target to $203 from $200. Price: 133.83, Change: -0.34, Percent Change: -0.25