Zalando stock: UBS cuts target to EUR 33.50. Zalando stock trades 24.51 percent below target

Published on 10/20/2026 at 15:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue reached EUR 3.42 billion in the second quarter. Zalando stock costs EUR 25.29 on October 20, 2026, down 2.39 percent versus the Xetra close.

Analyst view and quarterly growth

UBS cut its Zalando target from EUR 35.00 to EUR 33.50 on October 13, 2026.
Zalando reported second-quarter revenue of EUR 3.42 billion on August 4, 2026.
Zalando stock costs EUR 25.29 at Lang & Schwarz on October 20, 2026 at 3:34 p.m. CEST, 2.39 percent below the Xetra close of October 19, 2026 at EUR 25.91.

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Zalando SE (DE000ZAL1111) is valued at EUR 25.29 at Lang & Schwarz on October 20, 2026 at 3:34 p.m. CEST, down 2.39 percent versus the Xetra close of October 19, 2026 at EUR 25.91. MarketScreener reported that UBS cut its Zalando target from EUR 35.00 to EUR 33.50 on October 13, 2026, while maintaining its Buy rating. The new target lies 32.50 percent above the Lang & Schwarz price.

UBS trims target to EUR 33.50

The UBS decision gives investors a fresh benchmark before Zalando's third-quarter report. The target cut was linked in the report to expectations that weather and weaker demand for sportswear and sports shoes could pressure the quarter. The study also reduced adjusted EBIT forecasts for 2026 through 2028.

The company's second-quarter figures provide the operating backdrop. According to the Yahoo Finance transcript of the August 4, 2026 earnings call, reported revenue grew 22.00 percent year over year in the first half of 2026 and adjusted EBIT rose 16.00 percent to EUR 270 million. Management narrowed full-year adjusted EBIT guidance to EUR 680 million to EUR 720 million.

Stock sits below its yearly high

The EUR 25.29 quote is 16.89 percent below Zalando's 52-week high of EUR 30.43 and 35.89 percent above its 52-week low of EUR 18.61, with the range dated October 20, 2026. Xetra volume stood at 469,364 shares, while the market capitalization was EUR 6.2 billion. The trailing price-to-earnings ratio was 68.27.

The price position is more cautious than the analyst target. UBS's EUR 33.50 objective is 24.51 percent above the current price when measured as the distance below the target, while the stock's daily move remains below the 3.00 percent threshold for a price-led market event.

November 3 is the next date

Admirals identified November 3, 2026 as Zalando's scheduled third-quarter reporting date in its October 13, 2026 analysis. The report will provide the first full comparison period including ABOUT YOU, making underlying growth more informative than the reported second-quarter increase.

The Investor Relations page lists fiscal year 2025 revenue of EUR 12.3 billion, adjusted EBIT of EUR 590.7 million and approximately 62 million active customers. These figures are historical annual context, while the second-quarter and first-half figures remain the latest interim measures.

Analyst target and price position

UBS has kept a positive rating even after lowering its target. The combination of a 32.50 percent target distance and a stock price 16.89 percent below the yearly high leaves the November report as the next numerical test of the growth and profitability case.

Zalando was trading at EUR 25.29 at Lang & Schwarz on October 20, 2026 at 3:34 p.m. CEST, down 2.39 percent versus 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.