Inditex breaks its stock market record: the share price reached 56.38 euros after better-than-expected quarterly figures and growing confidence among international investors. The group behind Zara and Massimo Dutti thus broke the peak level of December last year, underlining the solid upward trend.
Valuation and outlook
The American investment bank Jefferies reiterated its “buy” recommendation and raised its target price to €67 per share. The bank praises the robust business model, tight execution, and continued investment in stores and technology, FashionUnited reports. According to Jefferies, these strengths will reinforce the competitive advantage until 2026.
