Original-Research: Zalando SE (von Quirin Privatbank Kapitalmarktgeschäft): Buy

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Original-Research: Zalando SE - from Quirin Privatbank Kapitalmarktgeschäft

07.05.2026 / 12:51 CET/CEST

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Classification of Quirin Privatbank Kapitalmarktgeschäft to Zalando SE

Company Name: Zalando SE

ISIN: DE000ZAL1111

Reason for the research:

Recommendation: Buy

from: 07.05.2026

Target price: 34.40

Last rating change:

Analyst: Ralf Marinoni

Tailwind from About You integration and AI

Zalando delivered a solid set of figures for Q1-26 and confirmed its FY 2026

guidance. AI is not a threat to the business model, but an opportunity. We

therefore confirm our Buy recommendation and the EUR 34.40 TP.

You can download the research here:

https://eqs-cockpit.com/c/fncls.ssp?u=f160ea74dfd900815e498b9abc568b07

For additional information visit our website:

https://research.quirinprivatbank.de/

Contact for questions:

Quirin Privatbank AG

Institutionelles Research

Schillerstraße 20

60313 Frankfurt am Main

research@quirinprivatbank.de

https://research.quirinprivatbank.de/

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2323270 07.05.2026 CET/CEST

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