Macquarie upgrades Zozo stock to Outperform with a JPY 1,540 target

Published on 10/25/2026 at 02:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-quarter revenue reached JPY 56.132 billion on July 31, 2026. Zozo stock reports second-quarter results on October 29, 2026.

A higher target before results

Macquarie set a JPY 1,540 target for Zozo on October 22, 2026.
Fiscal first-quarter revenue reached JPY 56.132 billion on July 31, 2026.
Zozo's market capitalization stood at JPY 1.1 trillion on October 23, 2026.

Zozo, JP3399310006, Illustration mit AI erstellt.

Zozo (ISIN JP3399310006) carries a JPY 1,540 price target from Macquarie after the broker upgraded the stock to Outperform on October 22, 2026, as MarketScreener reported. The next earnings release is scheduled for October 29, 2026.

Macquarie raises the valuation bar

The target stands 22.17 percent above Zozo's last quoted price of JPY 1,260.50 on October 23, 2026. The price data show a 2.60 percent daily gain on the Japan Exchange, while the average target across 17 analysts was JPY 1,248.59 in the latest MarketScreener overview.

What changed before results?

Macquarie's upgrade gives the October 29 report a clear valuation test. Zozo reported JPY 56.132 billion in revenue and JPY 11.895 billion in net income for the fiscal first quarter ended June 30, 2026, according to MarketScreener. Revenue increased from JPY 54.028 billion a year earlier, while net income rose from JPY 11.376 billion.

Zozo's three recent milestones

On June 16, 2026, Zozo authorized a buyback covering 43.00 million shares with a JPY 30.00 billion ceiling, as reported by MarketScreener. On July 31, 2026, fiscal first-quarter revenue reached JPY 56.132 billion and net income reached JPY 11.895 billion. On October 22, 2026, Macquarie upgraded Zozo to Outperform and set a JPY 1,540 target.

Dates that matter next

Zozo's next earnings release is scheduled for October 29, 2026, and the current fiscal year ends on March 31, 2027, according to MarketScreener. The release will show whether the first-quarter growth profile supports the higher valuation case.

Market value before the report

Zozo's market capitalization stood at JPY 1.1 trillion on October 23, 2026. Its 52-week range was JPY 974.50 to JPY 1,373.00, placing the last quoted price below the yearly high. Zozo stock was last at JPY 1,260.50 on the Japan Exchange on October 23, 2026. The further course of trading is shown by the continuously updated real-time quote of Zozo stock.