Zalando: Invest Securities updates target price
(CercleFinance.com) - Invest Securities confirms its buy recommendation on the Zalando stock, while reducing its target price for it to 94 euros (from 108 euros), due to the recent rise in the risk premium and interest rates.
The analyst believes that after an exceptional year in 2020, the e-commerce market is going through a temporary episode of turbulence.
Therefore, as we approach the publication of Zalando's Q3 results on 3 November, we are not changing our estimates and analyse the disruptions that the sector is experiencing as an opening up opportunities to take a position in the stock, which is one of the big winners in the gradual shift in the consumption of fashion products towards online distribution channels, analysts say.
They add that more cautious investor could wait until Q3 to return to the stock following the recent warnings from peers (Asos, Boohoo).
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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.
The analyst believes that after an exceptional year in 2020, the e-commerce market is going through a temporary episode of turbulence.
Therefore, as we approach the publication of Zalando's Q3 results on 3 November, we are not changing our estimates and analyse the disruptions that the sector is experiencing as an opening up opportunities to take a position in the stock, which is one of the big winners in the gradual shift in the consumption of fashion products towards online distribution channels, analysts say.
They add that more cautious investor could wait until Q3 to return to the stock following the recent warnings from peers (Asos, Boohoo).
Copyright (c) 2021 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.