Zalando: Invest Securities raises target price

(CercleFinance.com) - Invest Securities reinstates its "buy" rating on the shares of e-commerce group Zalando, having increased its corresponding target price from 102 euros to 120 euros, with the stock having exhausted the upside potential that the broker previously identified in its update on 5 November.


In addition, the group's annual results and forthcoming CMD on 16 March should demonstrate the clear deployment of its business model, particularly due to the new wave of tightening of health-related restrictions, the analyst says.

The broker believes that the group's business model illustrates a system that is capable of taking advantage of conditions of stress and shock (in a market), the broker adds.

Not sure that the market agress though - at least this morning - the share is down over 5% in early trading on Wednesday...


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.