Zalando (ZAL) PT Set at €40.00 by Goldman Sachs Group
Zalando (FRA:ZAL) has been assigned a €40.00 ($46.51) price objective by investment analysts at Goldman Sachs Group in a report issued on Monday. The brokerage currently has a “neutral” rating on the stock. Goldman Sachs Group’s price objective would suggest a potential upside of 14.29% from the company’s previous close.
A number of other brokerages have also recently issued reports on ZAL. Commerzbank set a €54.00 ($62.79) target price on shares of Zalando and gave the stock a “buy” rating in a report on Friday, July 27th. DZ Bank reissued a “sell” rating on shares of Zalando in a report on Wednesday, July 11th. JPMorgan Chase & Co. set a €39.00 ($45.35) target price on shares of Zalando and gave the stock a “neutral” rating in a report on Friday, August 3rd. Warburg Research set a €55.00 ($63.95) target price on shares of Zalando and gave the stock a “buy” rating in a report on Monday, July 23rd. Finally, Oddo Bhf set a €30.00 ($34.88) target price on shares of Zalando and gave the stock a “sell” rating in a report on Monday, August 6th. Six equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of €43.93 ($51.08).
Shares of FRA ZAL opened at €35.00 ($40.70) on Monday. Zalando has a 52-week low of €36.33 ($42.24) and a 52-week high of €49.86 ($57.98).
Zalando SE operates as an online fashion retailer in Europe. The company offers a range of products, including clothes, shoes, and accessories for women, men, and children. Zalando SE also sells its products through its Zalando Lounge; and brick-and-mortar stores in Berlin, Frankfurt am main, and Cologne.
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