Analysts Rate Zebra Technologies as “Moderate Buy” Amid Price Changes

Shares of Zebra Technologies Corporation (NASDAQ:ZBRA) have received an average rating of “Moderate Buy” from twelve analysts covering the stock, according to MarketBeat. The consensus reflects a mix of recommendations, with six analysts advising a hold, five suggesting a buy, and one advocating for a strong buy. Currently, the average price target set by brokerages for the next twelve months is $350.00.

Recent research notes have highlighted differing perspectives on Zebra Technologies’ stock price trajectory. For instance, on October 29, 2023, Citigroup lowered its price objective from $346.00 to $311.00, maintaining a “neutral” rating. Conversely, Barclays increased its target from $360.00 to $368.00, assigning an “overweight” rating. KeyCorp reaffirmed a “sector weight” rating on October 30, 2023, while Truist Financial adjusted its price objective down from $331.00 to $291.00, also recommending a hold. Notably, Zacks Research upgraded its assessment from “strong sell” to “hold” on December 29, 2023.

Zebra Technologies opened at $251.21 on October 30, 2023, a decline of 3.0% from previous trading sessions. The stock’s 50-day moving average stands at $252.22, while the 200-day moving average is $289.57. The company possesses a market capitalization of $12.73 billion, a price-to-earnings ratio of 25.32, and a beta of 1.68. Over the past twelve months, the stock has fluctuated between a low of $205.73 and a high of $427.76.

In its latest quarterly earnings report announced on October 28, 2023, Zebra Technologies reported earnings per share (EPS) of $3.88, exceeding the consensus estimate of $3.75 by $0.13. The company generated $1.32 billion in revenue, aligning with analyst expectations. Year-over-year, revenue increased by 5.2%, compared to $3.49 EPS in the same quarter of the previous year. Looking forward, Zebra Technologies has guided for Q4 2025 EPS between $4.20 and $4.40, and for full fiscal year 2025 EPS at $15.80.

In terms of insider trading, Director Satish Dhanasekaran purchased 1,000 shares on November 18, 2023, at an average price of $233.12 per share, totaling $233,120.00. Following this transaction, Dhanasekaran increased his holdings to 3,356 shares, valued at approximately $782,350.72. This purchase signifies a 42.44% increase in his ownership stake. The acquisition was disclosed in a filing with the Securities and Exchange Commission.

Institutional investment activity also reflects growing interest in Zebra Technologies. Recent reports indicate that several institutional investors have adjusted their positions. Elevation Point Wealth Partners LLC raised its holdings by 3.4% during the second quarter, now owning 986 shares valued at approximately $304,000. Similarly, Parkside Financial Bank & Trust increased its stake by 19.2%, bringing its total to 205 shares worth $63,000, while Wealth Alliance LLC expanded its holdings by 3.5% to 978 shares, valued at $302,000. Overall, institutional investors hold 91.03% of Zebra Technologies’ stock.

Zebra Technologies is recognized as a global leader in technology solutions for marking, tracking, and computer printing. Its diverse product offerings include barcode and RFID printers, mobile computing devices, barcode scanners, and RFID readers, aimed at enhancing real-time visibility of assets and streamlining operations across various industries, including retail, healthcare, and logistics.

As the market continues to react to analysts’ reports and earnings updates, Zebra Technologies remains a focal point for investors looking for insights into the industrial technology sector.