Original-Research: Zalando SE (von Quirin Privatbank Kapitalmarktgeschäft): Buy

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 Group.
The issuer is solely responsible for the content of this research. The result of this research does not constitute investment advice or an invitation to conclude certain stock exchange transactions.

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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: ZALANDO20260705
For additional information visit our website: https://research.quirinprivatbank.de/

Contact for questions:
Quirin Privatbank AG
Institutionelles Research
Schillerstraße 20
60313 Frankfurt am Main
[e-mail]
https://research.quirinprivatbank.de/

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2377866 05.08.2026 CET/CEST