UBS cuts Zalando target to EUR 33.50: Zalando stock gains 1.46 percent

Published on 10/15/2026 at 11:24 | 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 24.31 on October 15, 2026, 1.46 percent above Xetra close.

Analyst target and earnings dates

UBS cut its Zalando target from EUR 35.00 to EUR 33.50 on October 14, 2026.
Second-quarter revenue reached EUR 3.42 billion, while the adjusted EBIT margin was 6.00 percent.
Zalando stock trades at EUR 24.31 at 11:15 a.m. CEST at Lang & Schwarz on October 15, 2026, 1.46 percent above the Xetra close of October 14, 2026.

Aquarell Berliner Skyline mit Fernsehturm und Spree, Pastellfarben in Blau und Rosa — Zalando SE (DE000ZAL1111) – Berliner Skyline mit Fernsehturm und Spree in weichen Aquarell-Pastelltönen gemalt, Illustration mit AI erstellt.

Zalando (ISIN DE000ZAL1111) was trading at EUR 24.31 at Lang & Schwarz on October 15, 2026, at 11:15 a.m. CEST, up 1.46 percent versus the Xetra close of October 14, 2026. UBS cut its price target from EUR 35.00 to EUR 33.50 on October 14, 2026, while keeping a Buy rating, according to Finanzen.net. The change puts the October 14 target 37.82 percent above the current euro price.

UBS lowers the earnings bar

UBS analyst Yashraj Rajani cited weather effects and weaker demand for sportswear and sports shoes as risks for Zalando's third quarter. The report also reduced adjusted EBIT forecasts for 2026 through 2028, making the November results more important for the target.

Zalando's second-quarter 2026 revenue rose 20.80 percent year over year to EUR 3.4244 billion, while adjusted EBIT increased 10.40 percent to EUR 204.8 million. The adjusted EBIT margin narrowed from 6.50 percent to 6.00 percent, according to Admirals.

Three dates show the changing setup

On March 12, 2026, Zalando presented fiscal-year 2025 results and a buyback of up to EUR 300 million. On August 4, 2026, second-quarter results showed EUR 4.9150 billion in group gross merchandise volume and EUR 204.8 million in adjusted EBIT. On October 14, 2026, UBS lowered its target to EUR 33.50 while retaining Buy, according to Finanzen.net. The chronology moves from capital returns to integration-driven growth and then to more cautious profit expectations.

Which dates matter next?

Zalando is scheduled to publish third-quarter 2026 results on November 3, 2026. The company is also listed for the UBS European Conference on November 10, 2026, according to Admirals. Investors will be looking for underlying growth after ABOUT YOU becomes fully included in the year-ago comparison.

Stock remains below its yearly high

The euro quote sits inside a 52-week range of EUR 18.61 to EUR 30.43 and the market capitalization is EUR 5.9 billion as of October 15, 2026. The gap between the latest price and the yearly high keeps the UBS target debate tied to both profitability and consumer demand.

Zalando was trading at EUR 24.31 at Lang & Schwarz on October 15, 2026, at 11:15 a.m. CEST, plus 1.46 percent versus the Xetra close of October 14, 2026 at EUR 23.96. The further course of trading is shown by the continuously updated real-time quote of Zalando stock.