DB ups Inditex to 'buy' with 20% upside forecast in PT

Industria de Diseno Textil SA

05/03/2026 09:05

** Deutsche Bank raises Zara owner Inditex ITX.MC to "buy" from "hold" as the broker sees almost 20% upside on the target price to 63 euros from 53 euros driven by discounted cash flow

** "We see Inditex as a best-in-class retailer with consistency of sales growth and earnings delivery and a return to strong cash generation as an exceptional period of capex ends", adds DB

** It forecasts a raise in sales for 2026 and for 2026-2028 period despite a 40 billion euro sales base and sees macro events in the Middle East creating short-term volatility

** The broker also sees "easy comparatives" for Q1 and increased its forecasts to about 4-6% ahead of consensus

** Out of 30 analysts that cover Inditex, 22 rate the stock "strong buy" or "buy", ​seven rate it "hold" and one rates it "sell" - LSEG data

(Reporting by Tiago Brandao)

((Tiago.Brandao@thomsonreuters.com;))