Zalando: the stock stands out, two analysts in support

(CercleFinance.com) - On Monday, Zalando shares were one of the strongest performers on the STOXX Europe 600 index, with the online fashion group benefiting from two favorable notes, one from Deutsche Bank and the other from Stifel, in which both brokers raised their price targets.


At 4:20 pm, the German online fashion specialist's share price was up by almost 3%, compared to a 0.6% gain at the same time for the DAX index.

According to Deutsche Bank, all the planets are aligning for the Berlin-based company, with consumer sentiment improving in Europe and the autumn/winter season off to a good start, auguring well for a solid third quarter.

Deutsche Bank, which has made Zalando one of its "top picks" within the sector for 2024, is therefore renewing its buy recommendation and raising its target price from 34 to 36 euros.

Stifel - also a buy on the stock - is raising its target price from 35 to 36 euros, anticipating an acceleration in business growth in the third quarter.

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