Spanish fashion group Inditex, which owns brands such as Zara and Massimo Dutti, hit a new all-time high on Thursday. The company thus exceeded the record set in December last year and underlined its strong momentum. The share climbed to up to 56.38 euros per share. The price was supported by better-than-expected quarterly results and the growing confidence of international investors.
The recovery was further supported by an upgrade from Jefferies, which reiterated its Buy rating and raised its price target to 67 euros per share. The US investment bank cited the strength of Inditex’s business model, its operational discipline and continued investments in branches and technology. According to the bank, these factors will further expand the group’s competitive advantage until 2026.
Since the beginning of December, the shares of the Zara parent company have staged a strong rally. They increased by more than 14 percent during the month, consolidating a double-digit increase compared to the previous year. According to analysts, a more favorable regulatory environment in Europe strengthens Inditex’s position. Added to this is the company’s ability to achieve profitable growth in a more difficult consumer environment. This cements its reputation as one of the most resilient companies in global retail.
This article was originally written by Jaime Martinez on FashionUnited.ES published and by Alicia Reyes Sarmiento adapted for an international audience.
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