Macquarie Lifts ZTO Express Target to $31.60, Cites 10-13% Volume Surge
ZTO•Macquarie raised its price target for ZTO Express to $31.60, implying 36.15% upside from its recent price of $23.21 and valuing the stock at a P/E of 11.31. Brokers have boosted 2026 earnings estimates by 6.8% over 60 days and the company forecasts 10–13% parcel volume growth to 42.37–43.52 billion.
1. Price Target Increase
Macquarie raised its price target for ZTO Express to $31.60, implying 36.15% upside from its recent price of $23.21.
2. Earnings Estimate Revisions
Brokerages have increased 2026 earnings estimates for ZTO Express by 6.8% over the last 60 days, reflecting growing confidence in its profit trajectory.
3. Valuation Metrics
ZTO Express trades at a P/E ratio of 11.31, well below the industry average of 31.40, and holds a top value-stock ranking.
4. Volume Growth Outlook
The company forecasts 2026 parcel volumes between 42.37 billion and 43.52 billion, representing 10% to 13% year-over-year growth.
