Zalando: Invest Securities raises target price
(CercleFinance.com) - Invest Securities believes that the group has published preliminary Q2 sales and EBIT estimates that the market welcomed (+2% yesterday).
This shows an enviable growth rates in the current environment (+26% and +28%), to such an extent that the group has significantly raised its targets for 2020, the broker said.
This trend and the growth of the Partner Program are leading the broker to integrate a much stronger scenario in terms of growth and profitability".
Invest Securities has raised its target price for the share to 67 euros (vs. 61 euros), while maintaining a neutral rating on it.
Analysts say that this target seems to fairly value the deployment of the Zalando marketplace, although does not justify more than a neutral rating given its recent performance (+43% YTD).
Copyright (c) 2020 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
This shows an enviable growth rates in the current environment (+26% and +28%), to such an extent that the group has significantly raised its targets for 2020, the broker said.
This trend and the growth of the Partner Program are leading the broker to integrate a much stronger scenario in terms of growth and profitability".
Invest Securities has raised its target price for the share to 67 euros (vs. 61 euros), while maintaining a neutral rating on it.
Analysts say that this target seems to fairly value the deployment of the Zalando marketplace, although does not justify more than a neutral rating given its recent performance (+43% YTD).
Copyright (c) 2020 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.