Zalando (FRA:ZAL) received a €121.00 ($142.35) target price from analysts at The Goldman Sachs Group in a research note issued on Wednesday, Borsen Zeitung reports. The Goldman Sachs Group’s price target would suggest a potential upside of 37.53% from the company’s previous close.
ZAL has been the subject of a number of other research reports. Morgan Stanley set a €96.00 ($112.94) price target on shares of Zalando and gave the stock a “neutral” rating in a report on Friday, June 4th. Nord/LB set a €105.00 ($123.53) price objective on shares of Zalando and gave the stock a “buy” rating in a research report on Monday, June 7th. Berenberg Bank set a €92.00 ($108.24) price objective on shares of Zalando in a research report on Friday, August 6th. JPMorgan Chase & Co. set a €100.00 ($117.65) price objective on shares of Zalando in a research report on Thursday, August 5th. Finally, Hauck and Aufhaeuser set a €100.00 ($117.65) price objective on shares of Zalando in a research report on Friday, August 6th. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, Zalando has a consensus rating of “Buy” and an average price target of €104.06 ($122.42).
Shares of FRA ZAL opened at €87.98 ($103.51) on Wednesday. The company has a 50 day simple moving average of €95.41 and a 200-day simple moving average of €92.23. Zalando has a 1 year low of €36.33 ($42.74) and a 1 year high of €49.86 ($58.66).
Zalando SE operates as an online fashion and lifestyle retailer. It offers a range of products, including shoes, apparel, accessories, and beauty products for women, men, and children, as well as free delivery and returns services. The company also sells its products through its Zalando Lounge; and brick-and-mortar stores in Berlin, Frankfurt, Cologne, Leipzig, Hamburg, Hanover, MÃ¼nster, Stuttgart, Mannheim, and Ulm.
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