Zalando has been given a "Neutral" rating by UBS AG, with a target price of €27.50, after the release of the company's third-quarter figures.
Yashraj Rajani, an analyst, praised the strong gross margin and positive trends in the business-to-consumer (B2C) segment.
Zalando shares on XETRA experienced a decline, dropping 1.6% to €27.60 by 11:27 a.m., indicating a downside risk of 0.36% compared to the target price.
The trading volume for the day was 715,799 shares.
Zalando's stock has increased by 28.7% since the beginning of 2024.
The company is set to announce its Q3 2024 results on November 5, 2024.