RBC Ups Inditex Price Target, Forecasts as Fiscal Q3 Results Exceed Expectations

09:12 AM EST, 12/03/2025 (MT Newswires) -- Industria de Diseño Textil (ITX.MC), d/b/a Inditex, delivered fiscal third-quarter results that came in stronger than market expectations, prompting RBC Capital Markets to lift its price target and financial estimates for the group. "We have raised our FY26-27 EPS forecasts by 2-3% owing to higher sales and gross margin forecasts, and slightly lower opex/depreciation charges," analysts wrote Wednesday. "Inditex has also made a strong start to Q4, which suggests it has fully recovered now from its sluggish start to Spring, when we think it was affected by weather and calendar impacts, and its base collection not being its best." As such, the research firm changed the outperform-rated stock's price target to 57 euros from 52 euros. The projected adjusted EPS for fiscal years 2026 to 2028 were also upwardly revised, along with revenue expectations. RBC highlighted that the Spanish retail group's diverse geographic footprint and sourcing shields it from the adverse impact of US tariffs and other external shocks.