Quirin Privatbank Reaffirms Buy Recommendation for Zalando SE

Quirin Privatbank Kapitalmarktgeschäft has reaffirmed its "Buy" recommendation for Zalando SE, despite a recent drop in the company's share price. The bank's target price for Zalando's stock is set at 34.40 EUR. The recent research update comes after Zalando's adjusted revenue outlook for the current year was revised to the lower end of the guidance range, aligning with consensus estimates.

The recent sell-off in Zalando shares is seen as exaggerated, given that the company's average adjusted EBIT figures remain unchanged. Zalando SE continues to hold its position as a prominent player in the online retail sector, and Quirin Privatbank's positive outlook reflects confidence in its long-term performance.