Original-Research: Zalando SE (von Quirin Privatbank Kapitalmarktgeschäft): Buy 
Mi, 05.08.26 10:02· Quelle: dpa-AFX

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Original-Research: Zalando SE - from Quirin Privatbank Kapitalmarktgeschäft

05.08.2026 / 10:02 CET/CEST
Dissemination of a Research, transmitted by EQS News - a service of EQS
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The issuer is solely responsible for the content of this research. The
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Classification of Quirin Privatbank Kapitalmarktgeschäft to Zalando SE

     Company Name:               Zalando SE
     ISIN:                       DE000ZAL1111

     Reason for the research:    update
     Recommendation:             Buy
     from:                       05.08.2026
     Target price:               34.40
     Last rating change:
     Analyst:                    Ralf Marinoni



Q2-26: fall in share price exaggerated

With the publication of its H1-26 results, the company revised its revenue
outlook for the current year down to the lower end of the guidance range -
in line with consensus estimates. We consider yesterday's sell-off to have
been excessive, particularly as the average adjusted EBIT remained
unchanged. We therefore reaffirm our Buy recommendation with a target price
of EUR 34.40.

You can download the research here:

https://nwr.eqs-cockpit.com/fncls2.ssx?fn=redirect&u=ab141061163b8ab1fd0b7c5ec7488c64

For additional information visit our website:
https://research.quirinprivatbank.de/

Contact for questions:
Quirin Privatbank AG
Institutionelles Research
Schillerstraße 20
60313 Frankfurt am Main
research@quirinprivatbank.de
https://research.quirinprivatbank.de/

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2377866 05.08.2026 CET/CEST

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