UBS reiterates its Buy rating on the e-commerce company Zalando but cuts its price target to EUR 33.50 from EUR 35.
The bank sees risks to the company’s revenue forecast due to weak demand for sneakers and warm autumn weather, which is driving increased discounting.
UBS cuts its forecast for adjusted EBIT in 2026 to EUR 710 million from EUR 720 million, still above consensus at EUR 700 million. More efficient marketing is expected to support profitability.
The share is trading at approximately 15 times this year’s expected earnings, which UBS considers attractive.
