Zalando (ZAL) Given a €35.00 Price Target at Goldman Sachs Group

Zalando (FRA:ZAL) received a €35.00 ($40.70) price target from equities researchers at Goldman Sachs Group in a note issued to investors on Tuesday, Borsen Zeitung reports. The firm presently has a “neutral” rating on the stock. Goldman Sachs Group’s target price points to a potential downside of 15.72% from the stock’s previous close.

Several other equities analysts have also recently weighed in on ZAL. Hauck & Aufhaeuser set a €45.00 ($52.33) price target on Zalando and gave the company a “buy” rating in a research report on Monday. Baader Bank set a €38.00 ($44.19) price target on Zalando and gave the company a “buy” rating in a research report on Thursday, February 28th. UBS Group set a €34.00 ($39.53) price target on Zalando and gave the company a “neutral” rating in a research report on Wednesday, March 20th. Royal Bank of Canada set a €35.00 ($40.70) price target on Zalando and gave the company a “buy” rating in a research report on Thursday, February 28th. Finally, Warburg Research set a €44.00 ($51.16) price target on Zalando and gave the company a “buy” rating in a research report on Thursday, March 7th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company. Zalando currently has an average rating of “Hold” and an average target price of €34.68 ($40.33).

Shares of FRA ZAL opened at €41.53 ($48.29) on Tuesday. Zalando has a fifty-two week low of €36.33 ($42.24) and a fifty-two week high of €49.86 ($57.98).

Zalando Company Profile

Zalando SE operates as an online fashion and lifestyle retailer in Europe. It offers a range of products, including shoes, apparel, accessories, and beauty products for women, men, and children. The company also sells its products through its Zalando Lounge; and brick-and-mortar stores in Berlin, Frankfurt am main, and Cologne.

Read More: Institutional Investors

Analyst Recommendations for Zalando (FRA:ZAL)

Receive News & Ratings for Zalando Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zalando and related companies with MarketBeat.com's FREE daily email newsletter.