Zalando (FRA:ZAL) has been assigned a €55.00 ($65.48) target price by equities researchers at Morgan Stanley in a report released on Friday. The brokerage currently has a “buy” rating on the stock. Morgan Stanley’s target price would suggest a potential upside of 22.47% from the stock’s current price.

Several other analysts also recently issued reports on the company. equinet set a €48.00 ($57.14) price objective on Zalando and gave the stock a “buy” rating in a report on Thursday, August 10th. Baader Bank set a €48.00 ($57.14) price objective on Zalando and gave the stock a “buy” rating in a report on Thursday, August 10th. Barclays set a €48.60 ($57.86) price objective on Zalando and gave the stock a “buy” rating in a report on Friday, August 11th. Stifel Nicolaus set a €45.00 ($53.57) price objective on Zalando and gave the stock a “buy” rating in a report on Friday, August 25th. Finally, Hauck & Aufhaeuser set a €48.00 ($57.14) price objective on Zalando and gave the stock a “buy” rating in a report on Friday, August 18th. Four investment analysts have rated the stock with a sell rating, two have assigned a hold rating and fourteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of €45.08 ($53.66).

Shares of Zalando (ZAL) opened at €44.91 ($53.46) on Friday. Zalando has a 1 year low of €34.77 ($41.39) and a 1 year high of €45.37 ($54.01).

TRADEMARK VIOLATION NOTICE: “Morgan Stanley Analysts Give Zalando (ZAL) a €55.00 Price Target” was originally reported by American Banking News and is the sole property of of American Banking News. If you are accessing this news story on another website, it was copied illegally and reposted in violation of United States and international trademark & copyright law. The original version of this news story can be read at https://www.americanbankingnews.com/2017/12/08/morgan-stanley-analysts-give-zalando-zal-a-55-00-price-target.html.

About Zalando

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.

Analyst Recommendations for Zalando (FRA:ZAL)

Receive News & Ratings for Zalando SE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zalando SE and related companies with MarketBeat.com's FREE daily email newsletter.