Zalando: Invest Securities still a buyer

(CercleFinance.com) - The broker believes that the plan to convert Kinnevik's 21% stake in Zalando is well underway and the strong performance of the Swedish redemption shares suggests that the risk of selling pressure is well priced in by the market.


As a result, Invest Securities reiterates its Buy rating on the stock, maintaining its target price at 119 euros, which represents significant upside potential of 25%.

Analysts remain positive, given the strong fundamentals associated with the company's status as the market leader in online fashion retailing in Europe, a market that will continue to grow strongly in the coming years thanks to the digitalisation of commerce. In addition, increased free float makes Zalando a DAX candidate, they add.


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