Inditex stock eases after Deutsche Bank trims target

Published on 09/10/2026 at 20:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Inditex stock closed at EUR 54.48 on September 9, 2026, after Deutsche Bank cut its target to EUR 59 from EUR 60. First-half net profit reached EUR 2.98 billion.

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Inditex stock (ISIN ES0148396007) closed at EUR 54.48 on September 9, 2026, after falling 3.61 percent in the previous session. Deutsche Bank Research cut its price target to EUR 59 from EUR 60 and kept a Buy rating, according to boerse.de on September 10, 2026.

Half-year profit stays high

Inditex reported net profit of EUR 2.98 billion in the first half of fiscal 2026-2027, up 6.8 percent from a year earlier, according to ad hoc news on September 10, 2026. Second-quarter profit for the May to July period reached EUR 1.605 billion, versus EUR 1.486 billion a year earlier, the same report said.

Sales beat estimates

Reuters did not appear in the available results, but the same reporting package cited second-quarter revenue of EUR 11.61 billion, above EUR 10.93 billion expected, and earnings per share of EUR 0.55 versus EUR 0.53 expected, according to goldesel.de on September 10, 2026. It also said first-half revenue rose 7.6 percent to EUR 19.76 billion and that like-for-like sales increased 9.2 percent in the opening part of the second half.

Target range remains tight

Bank of America raised its price target to EUR 65 from a prior level implied in its earlier view and kept a Buy recommendation, while JP Morgan kept its Buy call and a EUR 60 target, according to Europa Press and Zonebourse on September 10, 2026. Berenberg also kept a Buy rating with a EUR 62 target, according to wallstreetONLINE on September 10, 2026.

Stock near 55 euros

Inditex traded at EUR 54.80 in early Madrid trading on September 10, 2026, after a prior close of EUR 54.48 and a drop of 3.61 percent. The stock was also quoted at EUR 54.78 on Tradegate at 9:33 a.m. on September 10, 2026, according to wallstreetONLINE.