Tapestry shares jump 5.11% intraday on strong Q2 earnings, raised guidance, and analyst upgrades to $165–$170 price targets.

Tapestry Inc. (TPR) surged 5.11% intraday following a record Q2 FY26 performance, with net sales rising 14% to $2.5 billion and pro forma growth of 18%, driven by a 25% sales surge at Coach. The company raised full-year revenue and EPS guidance, with non-GAAP EPS now targeting $6.40–$6.45, exceeding prior forecasts. Analysts also upgraded price targets, including Wells Fargo ($165), Bernstein ($170), and Telsey ($160), reflecting confidence in margin expansion, disciplined execution, and the Amplify growth strategy. Strong regional growth in China (34%) and North America (17%), coupled with DTC sales acceleration and a 94% YoY EPS increase, reinforced investor optimism. The stock’s intraday high of $145.42 marked an all-time peak, underscoring market validation of Tapestry’s strategic momentum and financial resilience.