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Capri Holdings shares surge over 7% on strong earnings and price target hike

The Motley Fool +1 · ·by G4L

CPRI
CPRI Capri Holdings Ltd
$21.38 +4.09%
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  1. 1Capri Holdings shares rose more than 7% on Monday.
  2. 2Capri Holdings reported second quarter fiscal 2027 revenue of $809 million, representing a year-over-year revenue decline of nearly 6%.
  3. 3Goldman Sachs's Brooke Roach raised the price target from $18 to $24.

So what's the key point?

Capri Holdings's revenue decreased by about 6% compared to last year, but its stock price rose by more than 7%. This happened because Goldman Sachs raised its target price to $24, expecting the stock to go higher.

Source The Motley Fool +1 · View original ↗

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