Zalando stock forecast: Board member share sale
Zalando is a German online fashion retailer listed in Frankfurt. On 9 September 2026, board member Astrid Arndt sold 1,735 shares to cover taxes and related costs. Explore third-party ZAL price targets and technical analysis. Past performance is not a reliable indicator of future results.
Zalando SE (ZAL) traded at €21.58 at 1:41pm UTC on 16 September 2026, within an intraday range of €21.28–€22.62. Past performance is not a reliable indicator of future results.
The session came against a weaker European equity backdrop. The STOXX Europe 600 closed 0.3% lower at 634.18 on 15 September, its lowest close since 12 June, as higher oil prices and bond yields contributed to concerns around inflation and interest rates ahead of the US Federal Reserve decision (Reuters, 15 September 2026). Separately, Zalando disclosed that management board member Dr Astrid Arndt exercised virtual performance shares and sold 1,735 shares to cover related taxes and costs (MarketScreener, 9 September 2026).
Third-party Zalando outlook: Q2 growth, ABOUT YOU margins
As of 16 September 2026, third-party Zalando stock predictions reflect different assumptions around growth, margins and consumer demand.
RBC Capital Markets (broker forecast)
RBC maintained an Outperform rating with a €28 target, citing valuation support despite weak German consumer sentiment (MarketScreener, 25 August 2026).
MarketScreener consensus (analyst consensus)
MarketScreener reports an average target of €35.07, with estimates ranging from €23.50–€53 (MarketScreener, 4 September 2026).
UBS (broker forecast)
UBS maintains a Buy rating with a €35 target following second-quarter results and an investor presentation (Zonebourse, 4 August 2026).
TickerGuard (fundamental-data overview)
TickerGuard also reports an average target of €35.07, compared with €35.99 across 27 analysts in Zalando’s 2025 annual report (TickerGuard, 5 September 2026).
Yahoo Finance data (consensus overview)
Yahoo Finance data shows a high target of €53 and a low of €23.50, highlighting the range of analyst assumptions (Ad Hoc News, 3 September 2026).
Predictions and third-party forecasts are inherently uncertain, as they cannot fully account for unexpected market developments. Past performance is not a reliable indicator of future results.
Zalando earnings: latest results and next report
Zalando’s latest results cover Q2 2026. GMV rose 20.7% year on year to €4.92bn, while revenue increased 20.8% to €3.42bn.
Adjusted EBIT grew 10.4% to €204.8m, although the margin narrowed to 6.0% from 6.5%. Net income fell to €73.8m from €96.6m.
The figures include ABOUT YOU, with Zalando reporting more than €10m of quarterly synergies. B2C revenue reached €3.10bn, while B2B revenue rose 27.6% to €334.7m (Zalando, 4 August 2026).
Zalando is scheduled to report Q3 results on 3 November. It expects full-year GMV and revenue growth in the lower half of its previous 12%–17% range and retained adjusted EBIT guidance of €550m–€600m.
ZAL stock price: technical overview
As of 1:41pm UTC on 16 September 2026, the ZAL stock price traded at €21.58, below its 20-, 50-, 100- and 200-day SMAs near €23.10, €25.10, €24.10 and €23.40 respectively. The Hull MA (9) stood slightly higher at €21.69.
The 14-day RSI was 33.5, above the conventional oversold threshold of 30, while ADX at 18.2 remained below the 25 level often associated with an established trend.
Higher technical references included the 20-day SMA near €23.10, the central pivot at €25.48 and R1 at €28.71. Below the quoted price, S1 stood at €21.42 and S2 around €18.20 (TradingView, 16 September 2026).
These levels provide technical reference points rather than indications of future price direction.
This is technical analysis for informational purposes only and does not constitute financial advice or a recommendation to buy or sell any instrument.
Zalando share price history (2024–2026)
ZAL’s stock price traded between €18.64 and €40.14 over the past two years. The stock moved from around €26 in September 2024 to above €35 by December, before reaching an intraday high of €40.14 on 18 February 2025.
The shares then retreated, briefly recovering towards €31 in June before falling back towards €23 by August. A short-lived rebound followed later in 2025 before the shares moved lower again into 2026.
Zalando traded near €19 in March 2026 and reached an intraday low of €18.64 in May. Following Q2 results in August, the shares moved from around €26 towards €21 by mid-September.
As of 1:41pm UTC on 16 September 2026, Zalando traded at €21.58, around 46% below its February 2025 high.
Past performance is not a reliable indicator of future results. Share prices are indicative and may differ from live market prices.
Zalando (ZAL): Capital.com analyst view
Zalando continues to grow revenue and GMV, but margins remain a key consideration. Q2 revenue rose 20.8% and GMV increased 20.7%, while adjusted EBIT margin narrowed to 6.0%.
Continued growth, stronger consumer demand or successful ABOUT YOU integration could support earnings expectations. Weaker discretionary spending, further margin pressure or higher integration costs could weigh on them instead.
Broader conditions, such as lower bond yields or stronger consumer confidence could support valuations, while higher rates, energy costs or weaker European equities could provide headwinds.
Summary – Zalando 2026
- As of 1:41pm UTC on 16 September 2026, Zalando traded at €21.58 within an intraday range of €21.28–€22.62.
- Technical readings placed the price below its 20-, 50-, 100- and 200-day moving averages, with RSI at 33.5 and ADX at 18.2.
- Key influences include revenue and GMV growth, margin trends, consumer demand, the ABOUT YOU integration and wider European market conditions.
- Stronger growth, improving margins or integration benefits could support expectations, while weaker consumer demand, margin pressure or higher costs could weigh on them.
- Recent developments include second-quarter results, analyst target updates and a management board share transaction.
Past performance is not a reliable indicator of future results.
FAQ
Who owns the most Zalando stock?
This article does not identify Zalando’s largest shareholder, as its focus is on price performance, earnings, analyst forecasts and recent company developments. Investors looking for current ownership data should check Zalando’s latest shareholder disclosures and regulatory filings, as institutional and strategic holdings can change over time. Ownership information can provide useful context around voting influence and shareholder concentration, but it does not indicate how Zalando’s share price will perform.
What is the five-year Zalando share price forecast?
The forecasts covered here do not provide a reliable five-year ZAL stock forecast. The cited analyst targets are shorter-term estimates ranging from €23.50–€53, with several clustered around €35. Longer-term performance could depend on revenue and GMV growth, margins, consumer demand and the ABOUT YOU integration. Forecast uncertainty generally increases over longer periods, so these targets should be viewed as third-party valuation scenarios rather than expected future prices.
Is Zalando a good stock to buy?
Whether Zalando is suitable to buy depends on an individual’s objectives, financial circumstances and tolerance for risk. Continued revenue and GMV growth, stronger consumer demand or successful ABOUT YOU integration could support earnings expectations. Conversely, weaker discretionary spending, margin pressure or higher integration costs could weigh on the shares. The analyst targets cited on this page vary considerably, reflecting different assumptions rather than a single market view or investment recommendation.
Could Zalando stock go up or down?
Yes. Zalando shares can move in either direction as company-specific and wider market conditions change. Stronger revenue growth, improving margins, better consumer demand or greater benefits from the ABOUT YOU integration could support expectations. Weaker discretionary spending, higher costs, margin pressure or softer European equities could weigh on the price instead. Interest rates, bond yields and energy costs may also affect valuations, although these relationships can vary over time.
Should I invest in Zalando stock?
Whether to invest in Zalando depends on your personal circumstances, objectives and attitude to risk. Factors to consider include revenue and GMV growth, adjusted EBIT margins, consumer demand, integration progress and wider European market conditions. The cited analyst targets range from €23.50–€53, showing how differently analysts value these factors. Past performance and third-party forecasts are not reliable indicators of future returns and should not be treated as investment recommendations.
Can I trade Zalando CFDs on Capital.com?
Yes, you can trade Zalando CFDs on Capital.com. Trading share CFDs lets you speculate on price movements without owning the underlying asset and to take long or short positions. However, contracts for difference (CFDs) are traded on margin, and leverage amplifies both profits and losses. You should ensure you understand how CFD trading works, assess your risk tolerance, and recognise that losses can occur quickly.