Zalando (FRA:ZAL – Get Rating) has been assigned a €35.00 ($35.71) target price by research analysts at The Goldman Sachs Group in a report issued on Thursday, Borsen Zeitung reports. The Goldman Sachs Group’s price objective points to a potential upside of 75.00% from the company’s current price.
Several other research firms have also commented on ZAL. Bank of America set a €18.00 ($18.37) target price on Zalando in a report on Friday, June 24th. Berenberg Bank set a €26.00 ($26.53) price objective on Zalando in a report on Thursday. Barclays set a €28.00 ($28.57) price objective on Zalando in a report on Wednesday, September 7th. Credit Suisse Group set a €33.00 ($33.67) price objective on Zalando in a report on Wednesday. Finally, Warburg Research set a €55.00 ($56.12) price objective on Zalando in a report on Thursday, August 4th.
Zalando Price Performance
FRA:ZAL opened at €20.00 ($20.41) on Thursday. The business’s fifty day moving average price is €25.94 and its 200 day moving average price is €33.43. Zalando has a 12 month low of €36.33 ($37.07) and a 12 month high of €49.86 ($50.88).
Zalando Company Profile
Zalando SE operates an online platform for fashion and lifestyle products. It provides clothing, footwear, accessories, and beauty products with free delivery and returns. The company also sells its products through its Zalando Lounge; and brick-and-mortar outlet stores in Berlin, Frankfurt, Cologne, Leipzig, Hamburg, Hanover, Münster, Stuttgart, Mannheim, and Ulm.
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