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In the Research & Ratings section, you can access assessments from renowned analyst firms that specialize in the due diligence and valuation of companies that are generally listed on the stock exchange. Starting from the research reports, you can access further research tools and information with just a few mouse clicks, which offer you additional options for obtaining and assessing information.
DE000ZEAL241
Mon, 23.02.2026
ZEAL Network SE
Company Name:
ZEAL Network SE
ISIN:
DE000ZEAL241
Reason for the research:
Update
Recommendation:
BUY
Target price:
EUR 67
Target price on sight of:
12 months
Last rating change:
Analyst:
Simon Keller
The odds remain compelling
Following a multiple compression over the last years (2026e EV/EBITDA c. 37% below 5-year historic med [ … ]
Tue, 16.12.2025
ZEAL Network SE
Company Name:
ZEAL Network SE
ISIN:
DE000ZEAL241
Reason for the research:
Update
Recommendation:
BUY
from:
16.12.2025
Target price:
EUR 67.00
Target price on sight of:
12 months
Last rating change:
Analyst:
Henry Wendisch
Jackpot situation does not allow for a Q4 peak jackpot.
Q4 sales estimate slightly lowered, but marketin [ … ]
Mon, 06.10.2025
ZEAL Network SE
Company Name:
ZEAL Network SE
ISIN:
DE000ZEAL241
Reason for the research:
Update
Recommendation:
BUY
from:
06.10.2025
Target price:
EUR 65.00
Target price on sight of:
12 months
Last rating change:
Analyst:
Henry Wendisch
Another highly popular product in Germany is the classic Lotto 6/49. Here, the development remains unfav [ … ]
Fri, 19.09.2025
ZEAL Network SE
Company Name:
ZEAL Network SE
ISIN:
DE000ZEAL241
Reason for the research:
Update
Recommendation:
BUY
from:
19.09.2025
Target price:
EUR 65.00
Target price on sight of:
12 months
Last rating change:
Analyst:
Henry Wendisch
This week on Monday, the raffle for a “Dream House” at a popular beach vacation spot (St. Pe [ … ]
Fri, 08.08.2025
ZEAL Network SE
Company Name:
ZEAL Network SE
ISIN:
DE000ZEAL241
Reason for the research:
Update
Recommendation:
BUY
from:
08.08.2025
Target price:
EUR 64.00
Target price on sight of:
12 months
Last rating change:
Analyst:
Henry Wendisch
“Traumhausverlosung” in high demand: ZEAL shared KPIs for all three draws since the launch, [ … ]
Mon, 04.08.2025
ZEAL Network SE
Company Name:
ZEAL Network SE
ISIN:
DE000ZEAL241
Reason for the research:
Update
Recommendation:
BUY
from:
04.08.2025
Target price:
EUR 64.00
Target price on sight of:
12 months
Last rating change:
Analyst:
Henry Wendisch
Games business to gain more traction. ZEAL should have made further progress on the games portfolio roll [ … ]
Tue, 01.07.2025
ZEAL Network SE
Company Name:
ZEAL Network SE
ISIN:
DE000ZEAL241
Reason for the research:
Update
Recommendation:
BUY
Target price:
EUR 64.00
Target price on sight of:
12 months
Last rating change:
Analyst:
Henry Wendisch
Q2 lottery spending remains at high levels
Yesterday, we analyzed the Q2 lottery data published by the DLTB (German state lo [ … ]
Thu, 08.05.2025
ZEAL Network SE
Company Name:
ZEAL Network SE
ISIN:
DE000ZEAL241
Reason for the research:
Update
Recommendation:
BUY
from:
08.05.2025
Target price:
EUR 64.00
Target price on sight of:
12 months
Last rating change:
Analyst:
Henry Wendisch
Strong Q1; sales guidance too conservative, PT up
Sales grew by 42% yoy to € 51.1m (eNuW: € 50.5 [ … ]
Tue, 29.04.2025
ZEAL Network SE
Company Name:
ZEAL Network SE
ISIN:
DE000ZEAL241
Reason for the research:
Update
Recommendation:
BUY
from:
29.04.2025
Target price:
EUR 62.00
Target price on sight of:
12 months
Last rating change:
Analyst:
Henry Wendisch
Q1 preview: building on past success; chg. est & PT upNormalized lottery environment. Following the ex [ … ]
Thu, 27.03.2025
ZEAL Network SE
Company Name:
ZEAL Network SE
ISIN:
DE000ZEAL241
Reason for the research:
Update
Recommendation:
BUY
from:
27.03.2025
Target price:
EUR 61.00
Target price on sight of:
12 months
Last rating change:
Analyst:
Henry Wendisch
Q4 beating all odds and strong shareholder returns; chg. PTTopic: Following an unprecedented jackpot situa [ … ]
