Should I Buy ZGN? ZGN 2026 Analysis

Should You Buy Ermenegildo Zegna NV (ZGN) Today? Analysis, Price Targets, and 2026 Outlook.

Conclusion

Hold

Latest Price

10.390

1 Day change

3.59%

52 Week Range

11.070

Analysis Updated At

2026/01/30

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Not a good buy right now. ZGN looks deeply oversold (RSI_6 ~19.8) and near support, which can spark a short-term bounce, but momentum is still deteriorating (MACD histogram negative and expanding) and there are no Intellectia buy signals to override that. For an impatient buyer, the odds favor more chop/down before a cleaner reversal—so I would not chase an entry at this moment.

Technical Analysis

Trend/Momentum: Bearish near-term. MACD histogram is -0.177 (below zero) and negatively expanding, signaling downside momentum is strengthening rather than stabilizing. Overbought/Oversold: RSI_6 at ~19.8 is extremely oversold, which raises the probability of a reflex bounce, but oversold alone is not a reversal signal. Levels: Pivot 9.547 (price is well below it). Support S1 8.806 (price 8.69 is slightly below), next support S2 8.348. Resistance R1 10.288. With price under S1 and weak MACD, the technical setup suggests risk of testing 8.35 before a durable rebound. Pattern-based forward view: Similar-pattern stats imply ~70% chance of about -0.79% next day and -2.66% over the next month—consistent with fragile/bearish tape.

Intellectia Proprietary Trading Signals

AI Stock Picker: no signal on given stock today.
SwingMax: No signal on given stock recently.

Options Data

Bullish

Open Interest Put-Call Ratio

Bullish

Option Volume Put-Call Ratio

Sentiment/Positioning: Open-interest put/call ratio at 0.19 is very call-heavy (bullish tilt). Volume put/call ratio is 0.0 (all calls in the provided snapshot), reinforcing bullish speculative interest. Volatility: Implied vol (30D) ~75.97 vs historical vol ~50.39, with IV percentile ~86—options are priced rich. That often happens during stress/uncertainty and can precede sharp moves, but it does not guarantee direction. Interpretation: Options flow/positioning looks bullish, but expensive IV + bearish price momentum suggests this is not a clean ‘buy now’ setup—more like traders are positioning for a bounce while the chart is still breaking down.

Technical Summary

Sell

Buy

Positive Catalysts

can trigger a near-term snapback.

Neutral/Negative Catalysts

and slightly under S1 (8.806), leaving room to test S2 (8.348).

Financial Performance

Financial data was not available in the provided snapshot (error). Latest-quarter season and growth trends cannot be assessed from the given data.

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

Recent trend: Mixed but leaning more cautious.

2026-01-16: BofA downgraded to Neutral from Buy; PT cut to $11.20 (from $11.50) citing valuation and need for beats/upgrades.
2025-11-27: UBS kept Neutral; PT raised to $10.50 (from $10) but flagged uncertainty/currency headwinds.
2025-11-25: Bernstein initiated Outperform with $13 PT, highlighting brand positioning and China upside. Wall Street pros: Brand positioning in men’s luxury leisurewear; potential China rebound leverage; upside if demand inflects. Wall Street cons: Valuation looks less compelling after re-rating; execution risk to hit targets amid FX headwinds; requires beats/upgrades to re-accelerate the stock.

5 Analyst Rating

Wall Street analysts forecast ZGN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ZGN is 11.34 USD with a low forecast of 10 USD and a high forecast of 13 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

3 Buy

2 Hold

0 Sell

Moderate Buy

Current: 10.030

Low

Averages

11.34

High

Current: 10.030

Low

Averages

11.34

High

UBS

Neutral -> Buy

upgrade

$11

AI Analysis

2026-02-05

New

Reason

UBS

Price Target

$11

AI Analysis

2026-02-05

New

upgrade

Neutral -> Buy

Reason

UBS upgraded Ermenegildo Zegna to Buy from Neutral with a price target of $11.50, up from $11. The company's Q4 sales beat estimates with "encouraging cluster dynamics," the analyst tells investors in a research note. The firm now sees a more constructive growth outlook with steady margin expansion for Zegna.

BofA

Buy

Neutral

downgrade

2026-01-16

Reason

BofA

Price Target

2026-01-16

downgrade

Buy

Neutral

Reason

BofA downgraded Ermenegildo Zegna to Neutral from Buy with a price target of $11.20, down from $11.50. Following the stock's 34% re-rating in 2025, it now trades at 25-times 2026 price-to-earnings, the analyst tells investors in a research note. The firm believes Zegna needs revenue beats and earnings upgrades to continue to outperform from here. This is not BofA's base case as its estimates are below consensus.

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ZGN Should I Buy

ZGN Should I Buy

Should You Buy Ermenegildo Zegna NV (ZGN) Today? Analysis, Price Targets, and 2026 Outlook.

Technical Analysis

Options Data

Technical Summary

Positive Catalysts

Neutral/Negative Catalysts

Financial Performance

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

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