Goldman Sachs cuts target for ZTO Express stock to USD 22.00

Published on 10/25/2026 at 02:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter 2026 revenue reached RMB 14.55 billion, up 23.00 percent year over year. November 17, 2026 is the next results date for ZTO Express stock.

Analyst caution meets operating growth

Goldman Sachs cut its target to USD 22.00 on October 14, 2026.
Second-quarter revenue reached RMB 14.55 billion, up 23.00 percent year over year.
ZTO Express will release third-quarter results on November 17, 2026.

ZTO Express, KYG9897K1058, Illustration mit AI erstellt.

ZTO Express (KYG9897K1058) received a lower USD 22.00 price target from Goldman Sachs, down from USD 25.00 on October 14, 2026, according to Investing.com. The bank also downgraded its rating from Buy to Neutral as it assessed tougher conditions for franchised express-delivery operators.

Target cut meets operating growth

The second-quarter operating picture gives the downgrade a measurable counterpoint. ZTO reported adjusted earnings of RMB 3.79 per American Depositary Share and revenue of RMB 14.55 billion, with revenue up 23.00 percent from the prior-year quarter, according to Investing.com. Goldman Sachs said unit economics remained near record levels in the second quarter of 2026, while it saw limited room for additional improvement.

Three dates define the latest picture

On August 18, 2026, ZTO reported its second-quarter results, with the date listed by ZTO Express and the reported figures carried by Investing.com. On October 14, 2026, Goldman Sachs reduced its target from USD 25.00 to USD 22.00. On October 16, 2026, ZTO announced the next reporting date and specified that third-quarter results cover the period ended September 30, 2026.

What dates come next?

ZTO will release third-quarter 2026 results after the U.S. market closes on November 17, 2026, according to its official release. Management scheduled the earnings call for 7:30 p.m. Eastern Time on November 17, 2026, with the Beijing broadcast on November 18, 2026.

Network scale remains central

ZTO operates a network partner model that combines partner pickup and last-mile delivery with company-controlled line-haul transportation and sorting. Its investor-relations profile says the company delivered 38.52 billion parcels in 2025 and ranked first in its industry for nine consecutive years, giving the upcoming results a clear operating scale benchmark.

Investor view

The central tension is visible in the numbers: revenue grew 23.00 percent in the second quarter of 2026, while Goldman Sachs lowered its target by USD 3.00. The November reporting date will provide the next quantified test of volume, profitability and unit economics.

The further course of trading is shown by the continuously updated real-time quote of ZTO Express stock.