Commerzbank Analysts Give Zalando (ZAL) a €47.00 Price Target
Zalando (FRA:ZAL) has been given a €47.00 ($55.95) target price by research analysts at Commerzbank in a report released on Thursday. The firm presently has a “buy” rating on the stock. Commerzbank’s price target points to a potential upside of 7.39% from the stock’s previous close.
A number of other research analysts also recently weighed in on the company. Goldman Sachs Group set a €43.00 ($51.19) target price on Zalando and gave the company a “neutral” rating in a report on Thursday, October 19th. Morgan Stanley set a €48.00 ($57.14) target price on Zalando and gave the company a “buy” rating in a report on Thursday, August 17th. equinet set a €48.00 ($57.14) target price on Zalando and gave the company a “buy” rating in a report on Monday, September 11th. Credit Suisse Group set a €45.00 ($53.57) target price on Zalando and gave the company a “buy” rating in a report on Monday, November 13th. Finally, Berenberg Bank set a €31.00 ($36.90) target price on Zalando and gave the company a “sell” rating in a report on Wednesday, November 8th. Four investment analysts have rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating to the stock. Zalando presently has a consensus rating of “Buy” and a consensus target price of €44.73 ($53.24).
Zalando (ZAL) opened at €43.77 ($52.10) on Thursday. Zalando has a 1-year low of €34.43 ($40.99) and a 1-year high of €45.37 ($54.01).
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Zalando SE operates as an online fashion retailer in Europe. The company offers a range of products, including clothes, shoes, and accessories for women, men, and children. Zalando SE also sells its products through its Zalando Lounge; and brick-and-mortar stores in Berlin, Frankfurt am main, and Cologne.
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