Inditex Hits All-Time High on Stock Exchange, Reaches $174 Billion Valuation

Inditex breaks records on the stock market. The shares of the Spanish fashion retail giant, which is also the largest listed company on the Spanish stock exchange, rose 1.85% this Friday morning to €56.1 per share. The group thus beats its all-time highs, reached a year ago, when it was just shy of €56.

According to market data, the textile conglomerate accumulates a revaluation of more than 12% in 2025 and has a market capitalization of more than €174 billion. It should be noted that the group’s share price throughout the year has been anemic, if not negative, insofar as between mid-March and the beginning of this month the share traded below the closing levels of 2024 and reached a low of €40.8 in August.

The bullish rally of the last two weeks, which has led to the new highs, can be explained by the company’s latest quarterly results, which completely exceeded market expectations. Despite still being far from its pre-2023 pace, the company recovered its sales and, above all, its profitability in the third quarter. The owner of Zara ended the period with an increase in sales of 4.88%, to €9.81 billion. Its net profit increased by 8.92% to €1.83 billion.

Since the day before these latest results were announced, Inditex’s share price has risen by 14%. In addition, this particular milestone for Inditex has coincided with another of a general nature that concerns the Spanish Stock Exchange, and that is that its main indicator, the Ibex 35, has exceeded 17,000 points for the first time in its history this morning.

A clear road ahead

“Two weeks ago, Bank of America analysts declared that the way ahead was clear when Inditex presented its results after a year of doubts about the evolution of the textile sector. “The acceleration of growth bodes well for the first half of 2027 [...] and should pave the way for improvements in earnings per share,“ they said. They therefore reiterated their buy recommendation, while raising their price target from €54 to €60.

eToro’s market analyst, Javier Molina, pointed out that Inditex exceeded market expectations and is consolidating its transition towards a more premium positioning at a time when the consumer cycle is showing signs of moderation. “The third quarter was particularly solid and clearly exceeded consensus forecasts,“ he added. In his opinion, its approach to luxury is reflected in the investment in emblematic stores, in the renovation of strategic spaces and in projects such as the new Zara building in city of Arteixo, oriented to product and technology.

The company, according to Molina, shows a “remarkable ability to adapt” to consumer preferences, consolidating collections of higher perceived value.“But this progress comes at a demanding moment in the cycle, and the market will be watching to see if the company is capable of maintaining the level it has set for itself,“ he warned.

For his part, IG analyst Sergio Ávila argued that in the short term these data support Inditex maintaining its premium over the sector, although he warned that the bar of expectations is “very high”. “If the company continues to defend margins and control inventories, I see more likelihood of consolidation in high ranges than of a deep correction,“ he said.

The most optimistic firm on the Spanish entity is Citi, which increased its positive view from €54 to €63 target price, while other entities such as Berenberg modified it from €52 to €62 and Santander Bank has raised it from €55 to €58.4.