Zalando (FRA:ZAL) Given a €40.00 Price Target by The Goldman Sachs Group Analysts

Zalando (FRA:ZALGet Rating) received a €40.00 ($41.24) price target from analysts at The Goldman Sachs Group in a report issued on Thursday, Borsen Zeitung reports. The Goldman Sachs Group’s price objective indicates a potential upside of 29.66% from the stock’s previous close.

ZAL has been the topic of a number of other research reports. Warburg Research set a €55.00 ($56.70) price objective on Zalando in a research note on Thursday, July 7th. Royal Bank of Canada set a €35.00 ($36.08) price objective on Zalando in a research note on Monday, August 1st. Morgan Stanley set a €34.00 ($35.05) target price on Zalando in a report on Monday, July 4th. Hauck and Aufhaeuser set a €70.00 ($72.16) target price on Zalando in a report on Friday, May 6th. Finally, JPMorgan Chase & Co. set a €32.00 ($32.99) target price on Zalando in a report on Thursday, June 23rd.

Zalando Stock Up 11.6 %

FRA:ZAL opened at €30.85 ($31.80) on Thursday. Zalando has a 1 year low of €36.33 ($37.45) and a 1 year high of €49.86 ($51.40). The stock’s 50 day simple moving average is €28.51 and its two-hundred day simple moving average is €42.19.

Zalando Company Profile

(Get Rating)

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, M√ľnster, Stuttgart, Mannheim, and Ulm.

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