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

Published on 10/22/2026 at 09:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue rose 20.80 percent to EUR 3.42 billion. Zalando stock costs EUR 25.80 on October 22, 2026 after the Xetra close of EUR 25.75.

Analyst caution meets Q3 expectations

UBS reduced its Zalando target from EUR 35.00 to EUR 33.50 on October 14, 2026.
Second-quarter revenue rose 20.80 percent to EUR 3.42 billion in 2026.
Zalando stock trades at EUR 25.80 at 9:41 a.m. CEST at Lang & Schwarz on October 22, 2026, 0.19 percent above the Xetra close of October 21, 2026.

Karton mit orangem Innenfutter, Strickpullover und Lederstiefeletten auf Holztisch — Zalando SE (DE000ZAL1111) – geöffneter Karton mit orangefarbenem Seidenpapier und modischer Kleidung auf rustikalem Holztisch, Illustration mit AI erstellt.

Zalando (ISIN DE000ZAL1111) stock faces a UBS target cut from EUR 35.00 to EUR 33.50 announced on October 14, 2026, while the bank kept its Buy rating, according to finanzen.net. At 9:41 a.m. CEST on October 22, 2026, the stock was trading at EUR 25.80 at Lang & Schwarz, up 0.19 percent versus the Xetra close of October 21, 2026 at EUR 25.75.

Why UBS lowered the target

UBS analyst Yashraj Rajani linked the lower target to expectations of weather-related pressure and weaker demand for sports clothing and footwear in the third quarter, according to finanzen.net. The analyst also reduced adjusted EBIT forecasts for 2026 through 2028, although UBS retained its Buy recommendation.

The recent operating picture is mixed. Q2 2026 revenue reached EUR 3.42 billion, up 20.80 percent year over year, while adjusted EBIT came to EUR 204.80 million, according to Admirals. Pro-forma revenue growth was 1.10 percent, showing how much reported growth depended on the ABOUT YOU consolidation.

What must Q3 prove?

Three dated developments frame the stock. On March 12, 2026, Zalando reported fiscal-year 2025 results and announced a buyback of up to EUR 300 million. On August 4, 2026, it refined adjusted EBIT guidance to EUR 680 million to EUR 720 million. On October 14, 2026, UBS cut its target to EUR 33.50 while keeping Buy, according to Admirals and finanzen.net.

The next two dates are October 29, 2026, for the European Central Bank rate decision, and November 3, 2026, for Zalando's third-quarter results. finanzen.net identifies November 3, 2026 as the reporting date for the quarter ending September 30, 2026. The report will show whether underlying growth improves after ABOUT YOU becomes part of the full comparison base.

Stock price and valuation context

Zalando's 52-week range is EUR 18.61 to EUR 30.43, while its current market capitalization is EUR 6.3 billion as of October 22, 2026. The distance between the current quote and UBS's EUR 33.50 target leaves the analyst view above the market price, but the target cut highlights the execution risk around consumer demand and margins.

Zalando stock was trading at EUR 25.80 at Lang & Schwarz on October 22, 2026 at 9:41 a.m. CEST, 0.19 percent above the Xetra close of October 21, 2026 at EUR 25.75. The further course of trading is shown by the continuously updated real-time quote of Zalando stock.