FRANKFURT (dpa-AFX Broker) - Following a skeptical analyst commentary, Zalando shares fell by double digits at times on Monday morning. At 20.26 euros, the online retailer's shares even slipped into the red in the 2024 annual results. However, they recently stemmed the daily loss to 6 percent at 21.16 euros.

Analyst Luke Holbrook from Morgan Stanley put a question mark over the company's medium-term growth ambitions. His own estimates for gross merchandise volume and sales are at the lower end of the target ranges. Much depends on the economic recovery and competition, the expert emphasized.

However, Holbrook's price target of 24 euros is above the current Xetra level. After dropping his "Overweight" recommendation, his new rating is now "Equal-Weight"./ag/stk