Price Increase Thanks to Positive Ratings
On Monday morning, Zalando’s stock was able to gain up to 1.7% as one of the best performers in the DAX. The reason for this is Goldman Sachs’ positive assessment, which has newly included Zalando in its favorites list.
Zalando as the Best Pure E-Commerce Player
Goldman Sachs sees Zalando as the optimally positioned pure e-commerce provider in a world that is increasingly shifting online. The strong online growth and the profitable Zalando Marketing Services segment are highlighted. The recent acquisition of About You is viewed as particularly profit-enhancing with long-term synergy potential.
Investors’ Confidence Rising
This market assessment has strengthened investors’ confidence and contributed to the stock’s strong gains despite a slightly declining DAX. Goldman Sachs has slightly raised its price target for Zalando and continues to rate the stock as “Buy.”
Factors for Current Success
- Positive assessment by Goldman Sachs
- Strong online growth
- Profit-enhancing acquisition of About You
- Positive market sentiment for online retailers
Overall, there is a heightened interest from investors and confidence in Zalando’s strategic direction and future growth opportunities.