JPMorgan kept Neutral on Zalando stock as shares gain 4.23 percent

Published on 10/09/2026 at 11:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached EUR 3.42 billion, up 20.80 percent year over year. Zalando stock costs EUR 23.90 on October 9, 2026 after EUR 22.93.

Key points in brief

JPMorgan kept its Neutral rating and EUR 32.00 price target on October 1, 2026.
Zalando reported Q2 2026 revenue of EUR 3.42 billion, up 20.80 percent year over year.
The stock was trading at EUR 23.90 at Lang & Schwarz on October 9, 2026, plus 4.23 percent versus the prior close.
Zalando is scheduled to publish third-quarter 2026 results on November 3, 2026.

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Zalando stock (ISIN DE000ZAL1111) was trading at EUR 23.90 at Lang & Schwarz on October 9, 2026 at 11:46 a.m. CEST, plus 4.23 percent versus the prior close. On October 1, 2026, JPMorgan kept its Neutral rating and EUR 32.00 price target, while its analyst forecast third-quarter operating profit of EUR 101 million, as finanzen.ch reported.

Three signals from the past year

On August 4, 2026, Zalando reported second-quarter adjusted EBIT of EUR 205 million, up 10.00 percent year over year, according to Yahoo Finance. On September 30, 2026, Deutsche Bank kept its Buy rating and EUR 35.00 price target, according to finanzen.net. On October 1, 2026, JPMorgan kept Neutral with a EUR 32.00 target, making the latest dated analyst signal more cautious than the Deutsche Bank view.

What the Q2 margin means

Second-quarter revenue reached EUR 3.42 billion, up 20.80 percent year over year, according to Capital.com. The same report puts adjusted EBIT at EUR 204.80 million, up 10.40 percent, while the adjusted EBIT margin narrowed to 6.00 percent from 6.50 percent. The combination matters: revenue growth accelerated through the ABOUT YOU consolidation, but the margin comparison remained the central test for the platform strategy.

Next results arrive November 3

Zalando is scheduled to publish its third-quarter 2026 results on November 3, 2026, according to EQS. The upcoming release will put the EUR 101 million JPMorgan operating-profit forecast against Zalando's reported margin development.

Stock trades above EUR 23.00

At Lang & Schwarz, Zalando was trading at EUR 23.90 on October 9, 2026 at 11:46 a.m. CEST, up 4.23 percent from the EUR 22.93 prior close. The primary listing is on Xetra, where Zalando is a DAX constituent; the 52-week range is EUR 18.61 to EUR 30.43 and market capitalization is EUR 5.8 billion as of October 9, 2026. The further course of trading is shown by the continuously updated real-time quote of Zalando stock.