Barclays has joined Bank of America in signaling that Inditex shares still have significant room to run, despite the Spanish fashion retailer’s stock already trading near historic peaks.
The UK lender’s latest research note suggests the group could see further appreciation, aligning with a growing consensus among major Wall Street and European banks that the company’s strategic execution continues to outpace market expectations.
The move follows a similar upgrade from Bank of America just a week earlier, which raised its price target for Inditex to €65 per share.
That adjustment reflected renewed confidence in the retailer’s ability to sustain margin expansion and navigate a competitive global apparel landscape.
Barclays’ entry into the bullish camp adds weight to the argument that Inditex’s valuation has not yet fully priced in its operational resilience and digital transformation progress.
Analysts point to the company’s disciplined inventory management and strong brand equity as key drivers behind the optimistic outlook.