UBS AG has reiterated its "Neutral" rating for Zalando shares, with a target price of 28 euros, in light of a takeover bid for About You.

Analyst Yashraj Rajani has pointed out potential profit synergies resulting from the acquisition, highlighting a 30 percent overlap between the two companies. Despite potential short-term challenges, Rajani views the deal positively for the medium term.

Zalando shares experienced a decline of 1.5 percent in XETRA trading, trading at 33.90 euros, indicating a downside potential of 17.4 percent relative to the target price. The trading volume reached 2,330,541 shares, and the stock has appreciated by 58.0 percent since the beginning of 2024.

The company is scheduled to release its Q4 2024 financial figures on March 6, 2025.