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

Published on 10/23/2026 at 10:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

B2B revenue reached EUR 335 million in the second quarter of 2026. Zalando stock costs EUR 26.47 on October 23, 2026 versus EUR 26.23 at the Xetra close.

Analyst revision and operating scale

UBS lowered its Zalando target from EUR 35.00 to EUR 33.50 on October 13, 2026.
Zalando reported EUR 335 million of B2B revenue in the second quarter of 2026.
Zalando stock trades at EUR 26.47 at 10:35 a.m. CEST at Lang & Schwarz on October 23, 2026, 0.91 percent above the Xetra close of October 22, 2026.

Flatlay mit weißen Sneakers, Sonnenbrille, Ledergeldbörse und Smartphone auf Marmor — Zalando SE (DE000ZAL1111) – Flatlay mit Sneakers, Sonnenbrille, Geldbörse und Smartphone auf weißem Marmor, Illustration mit AI erstellt.

Zalando stock was trading at EUR 26.47 at Lang & Schwarz on October 23, 2026 at 10:35 a.m. CEST, up 0.91 percent versus the Xetra close of October 22, 2026 at EUR 26.23. MarketScreener reported on October 14, 2026 that UBS cut its price target from EUR 35.00 to EUR 33.50 while retaining a Buy rating.

Three dates frame the stock

On March 12, 2026, Zalando presented fiscal year 2025 revenue of EUR 12.3 billion and adjusted EBIT of EUR 590.7 million, according to Zalando. On August 4, 2026, second-quarter adjusted EBIT reached EUR 205 million, up 10 percent year over year, according to the Yahoo Finance transcript. On October 14, 2026, UBS set the lower EUR 33.50 target while keeping its Buy rating.

What does B2B growth mean?

The B2B operation supplied the clearest operating contrast in the second quarter. Revenue reached EUR 335 million, up 27.6 percent on a reported basis, while adjusted EBIT rose to EUR 41 million from EUR 11 million a year earlier, lifting the margin to 12.2 percent. Group revenue grew more than 22 percent in the first half of 2026, and adjusted EBIT increased 16 percent to EUR 270 million, according to Yahoo Finance.

Upcoming reporting dates

Zalando is scheduled to publish third-quarter 2026 results on November 3, 2026. The next DAX review is scheduled for December 3, 2026, according to Admirals. The quarter will provide the first full comparison period with ABOUT YOU included in the base.

Stock price and valuation context

UBS's revised EUR 33.50 target stands 26.57 percent above the Lang & Schwarz price of EUR 26.47, using the target and the October 23, 2026 quote. Zalando's market capitalization was EUR 6.4 billion, while its 52-week range was EUR 18.61 to EUR 32.60 as of October 23, 2026. Zalando stock was trading at EUR 26.47 at Lang & Schwarz on October 23, 2026 at 10:35 a.m. CEST, 0.91 percent above the Xetra close of October 22, 2026 at EUR 26.23. The further course of trading is shown by the continuously updated real-time quote of Zalando stock.