The Baader analysts praise the presentation of Zalando at the Baader Investment Conference. It is becoming more and more evident that Zalando is one of the winners of the crisis. The company is likely to achieve its goals, regardless of or in the short or medium term.
More and more customers are shopping online, as Zalando notices in the numbers. Positive data are also expected for the third quarter. The experts forecast an increase in sales of 20 percent. The adjusted EBIT is expected to increase from 6.3 million euros to 40 million euros.
Accordingly, the analysts confirm the buy recommendation for the shares of Zalando. The experts continue to see the target price at EUR 85.00.
A new driver from Zalando could be the introduction of second hand goods. On the one hand, this supports sustainability in the fashion industry, on the other hand, loyalty is strengthened, as the sellers are supposed to receive vouchers from Zalando.
In the current year, the analysts at Zalando expect earnings per share of 0.43 euros, which should increase to 0.60 euros in 2021.
The shares of Zalando today gain 0.5 percent to 75.56 euros.