(CercleFinance.com) – UBS estimates that a strong growth rate in the 1st quarter is likely. The analyst confirms his neutral advice on the stock but raises his price target to 25 E (instead of 23 E) which represents a downside potential of -4%.
‘We are raising our price target to 25E (instead of 23E) as we see a strong growth rate and current activities in the first quarter. We remain neutral until we observe sustained momentum and a revival of B2C,’ indicates UBS in its note of the day.
Zalando is targeting a compound annual growth rate of 5-10% for both gross merchandise volume (GMV) and revenue over the next five years.
Copyright © 2024 CercleFinance.com. All rights reserved.
The information and analyzes distributed by Cercle Finance only constitute a decision-making aid for investors. Cercle Finance cannot be held responsible directly or indirectly following the use of information and analyzes by readers. It is recommended that any uninformed person consult a professional advisor before making any investment. This indicative information does not in any way constitute an inducement to sell or a solicitation to buy.
Did you like this article ? Share it with your friends using the buttons below.
