Why Capri Holdings Stock Crushed it Today

Capri Holdings stock surged over 7% on Monday following strong fiscal Q2 2027 earnings that beat analyst estimates and multiple analyst price target raises. Despite a 6% revenue decline year-over-year to $809 million, the company achieved adjusted net income of $45 million and exceeded profitability expectations. Goldman Sachs raised its price target to $24 from $18, while Barclays increased its target to $24 from $19 with an overweight rating.