Allegro shares rose as much as 5.3% before paring gains to about 3.7% after the Polish e-commerce company raised its 2026 group GMV growth forecast to 13%-15% and projected Adjusted EBITDA growth of 13%-17%. Second-quarter consolidated GMV increased 14.4% year over year and Adjusted EBITDA rose 11.5%, both above previous company forecasts. Barclays subsequently upgraded Allegro to Overweight from Equal Weight and raised its price target 74% to 61 Polish zloty from 35, citing strong second- and third-quarter trading, the removal of a private-equity overhang, reduced competition from Chinese platforms after changes to de minimis import rules, a renegotiated InPost logistics contract and improved long-term monetization prospects. The bank raised 2027-28 EBITDA estimates by 6%-7% and expects 2028 to be important for valuation as margins improve and international operations approach EBITDA breakeven. Allegro also raised Polish guidance, reported rapid international growth across Czechia, Slovakia and Hungary, and highlighted expansion in Allegro Pay, Smart! and delivery services.