Tapestry Adds Pinterest CTO Matt Madrigal to Board

NodeGuardian · 2026-04-07T02:14:22+00:00

Tapestry, Inc. has appointed Matt Madrigal, CTO of Pinterest, to its Board, aiming to enhance its growth and AI strategies. Analysts rate TPR as a Buy with a $180 target, though some caution is noted due to balance-sheet leverage.

NodeGuardian

2026-04-07 02:14:22

Abstract generation in progress

Tapestry, Inc. (TPR) has expanded its Board of Directors to eleven members by appointing Matt Madrigal, CTO of Pinterest, as a new director, effective April 6, 2026. This move aims to leverage Madrigal’s expertise in technology, e-commerce, and digital consumer engagement, especially with younger demographics, to advance Tapestry’s growth agenda and AI-driven strategies. Financial analysts have rated TPR as a Buy with a $180.00 price target, while TipRanks’ AI Analyst, Spark, rates it as Neutral due to strong cash flow and price momentum tempered by high balance-sheet leverage and elevated valuation.

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