UBS cuts target for Zalando stock from EUR 35.00 to EUR 33.50

Published on 10/20/2026 at 10:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Zalando reported EUR 3.42 billion revenue in the second quarter of 2026. Zalando stock costs EUR 25.66 on October 20, 2026, 0.97 percent below the Xetra close.

Targets and results frame valuation

UBS cut its Zalando target from EUR 35.00 to EUR 33.50 on October 13, 2026.
Second-quarter 2026 revenue reached EUR 3.42 billion, while pro forma growth was 1.10 percent.
Zalando stock trades at EUR 25.66 at 10:01 a.m. CEST at Lang & Schwarz on October 20, 2026, 0.97 percent below the Xetra close of October 19, 2026.

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Zalando SE (ISIN DE000ZAL1111) was trading at EUR 25.66 at Lang & Schwarz on October 20, 2026 at 10:01 a.m. CEST, 0.97 percent below the Xetra close of October 19, 2026 at EUR 25.91. wallstreetONLINE reported on October 14, 2026 that UBS had cut its price target from EUR 35.00 to EUR 33.50 while keeping a Buy rating.

UBS trims target on third-quarter concerns

The UBS study dated October 13, 2026 cited weather effects and weaker demand for sportswear and sports shoes as risks for Zalando's third quarter. UBS also reduced its adjusted EBIT forecasts for 2026 through 2028, according to wallstreetONLINE.

The target remains EUR 7.84 above the Lang & Schwarz price, a 30.56 percent gap based on EUR 25.66. That comparison is narrower than the prior target gap, because UBS reduced the target by EUR 1.50, or 4.29 percent, from EUR 35.00.

Three dated Zalando developments

On March 12, 2026, Zalando reported fiscal-year 2025 revenue of EUR 12.30 billion and adjusted EBIT of EUR 590.70 million on its Investor Relations page. On August 4, 2026, the company published second-quarter results showing revenue of EUR 3.42 billion and adjusted EBIT of EUR 204.80 million, also documented by Admirals. On October 13, 2026, UBS cut its target to EUR 33.50 from EUR 35.00, according to wallstreetONLINE.

What does the next report need to show?

The second-quarter figures point to a split operating picture. Reported revenue rose to EUR 3.42 billion, up 20.80 percent year over year, but pro forma revenue growth was 1.10 percent. Adjusted EBIT reached EUR 204.80 million, up 10.40 percent, while the adjusted EBIT margin was 6.00 percent, according to Admirals. B2B adjusted EBIT was EUR 40.70 million, compared with EUR 11.40 million in the second quarter of 2025, giving that segment a 12.20 percent margin.

Next reporting date is November 3

Zalando's next substantiated company date is November 3, 2026, when it is scheduled to publish third-quarter results, according to Admirals. The report will provide the first full year-over-year comparison after ABOUT YOU was included in the prior-year base.

Stock stays below its yearly high

Zalando's 52-week range is EUR 18.61 to EUR 30.43, while its market capitalization is EUR 6.3 billion as of October 20, 2026. The current price is 15.67 percent below the 52-week high, leaving the November report to test whether the underlying growth rate can catch up with the analyst targets.

Zalando was trading at EUR 25.66 at Lang & Schwarz on October 20, 2026 at 10:01 a.m. CEST, 0.97 percent below the Xetra close of October 19, 2026 at EUR 25.91. The further course of trading is shown by the continuously updated real-time quote of Zalando stock.