Zalando stock: UBS cuts target for Zalando stock to EUR 33.50

Published on 10/21/2026 at 17:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

UBS cut its target to EUR 33.50 on October 14, 2026. Zalando stock was EUR 25.39 on Xetra October 21, 2026, up 0.91 percent versus the close.

UBS target reset

UBS cut its Zalando target from EUR 35.00 to EUR 33.50 on October 14, 2026.
Second-quarter adjusted EBIT rose 10.00 percent to EUR 205.00 million.
Zalando stock stood at EUR 25.39 on Xetra on October 21, 2026, up 0.91 percent versus the October 20 close of EUR 25.16.
The next earnings release is scheduled for November 2, 2026.

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UBS cut its Zalando target from EUR 35.00 to EUR 33.50 on October 14, 2026, while retaining its Buy rating, according to MarketScreener. Zalando stock was at EUR 25.39 on Xetra on October 21, 2026 at 12:25 p.m. CEST, up 0.91 percent versus the Xetra close of October 20, 2026 at EUR 25.16.

UBS sees a weaker third quarter

The UBS note cited weather-related pressure and weaker demand for sportswear and sports shoes. Its EUR 33.50 target lies 31.94 percent above the Xetra price of EUR 25.39. That calculation puts the analyst view well above the latest German market quotation.

Yahoo Finance published Zalando's Q2 2026 earnings call transcript on October 13, 2026. Management said adjusted EBIT reached EUR 205.00 million in the second quarter, up 10.00 percent year over year, while revenue reached EUR 3.10 billion and pro forma revenue declined 0.60 percent.

Stock stays below its yearly high

The latest quote sits within a 52-week range of EUR 18.61 to EUR 30.43. At EUR 25.39, Zalando is 16.56 percent below the high and 36.43 percent above the low. Trading volume was 560,031 shares, compared with an average volume of 1,229,769 shares.

Valuation and the next date

Zalando's market capitalization was EUR 6.3 billion and its price-to-earnings ratio was 69.73 as of October 21, 2026. The next earnings release is listed for November 2, 2026, according to MarketScreener.

Comparison with peers

Zalando: up 0.91 percent, price-to-earnings ratio 69.73, market capitalization EUR 6.3 billion.

HelloFresh (Xetra, EUR): up 3.34 percent, price-to-earnings ratio minus 13.07, market capitalization EUR 440.1 million.

PUMA (Xetra, EUR): up 3.51 percent, price-to-earnings ratio minus 8.42, market capitalization EUR 3.7 billion.

Analyst target sets the market frame

UBS lowered its target but kept the Buy rating, leaving the stock below both the target and its 52-week high. The combination of a high reported valuation and stronger second-quarter adjusted EBIT gives investors two competing figures for the November results.