Why Wall Street Is Closely Watching Zebra Technologies Corporation (ZBRA)

Zebra Technologies Corporation (NASDAQ:ZBRA) is among the best hardware stocks to bargain according to analysts. As of December 8, Zebra Technologies Corporation (NASDAQ:ZBRA) has a standing of ‘Buy’ oregon equivalent from 70% of the analysts covering the stock. With a median terms people of $355, the banal has astir 35% upside from the existent price.

On December 5, Piyush Avasthy, an expert astatine Citi, reaffirmed the ‘Hold’ standing connected Zebra Technologies Corporation (NASDAQ:ZBRA), portion mounting a terms people of $311, which suggests a imaginable upside of astir 18%.

Photo by Adam Nowakowski connected Unsplash

During the company’s presumption astatine the Stephens Annual Investment Conference connected November 18, absorption had highlighted strategical imaginativeness successful this volatile macroeconomic environment. The conference, featuring CFO Nathan Winters, covered maturation opportunities and determination pressures.

With a absorption connected digitalization and automation of frontline operations, Zebra Technologies Corporation (NASDAQ:ZBRA) remains well-positioned successful North America and Asia-Pacific, but lags successful Europe. Amid existent marketplace volatility, the institution aims for 6% integrated maturation and 17% EPS maturation for the year. The halfway initiatives the institution has adopted see stock buybacks, the ELO acquisition, and the acceleration of RFID and instrumentality imaginativeness technologies.

As stated by the CFO,

“We’ve deployed $300 cardinal of stock buyback done the twelvemonth and committed to different $500 cardinal implicit the adjacent 12 months. I deliberation adding the ELO acquisition gives america a scaled $400 cardinal of gross that’s accretive connected time one. We consciousness bully astir the execution successful the year.”

Zebra Technologies Corporation (NASDAQ:ZBRA) is an Illinois-based endeavor plus quality solutions institution operating done 2 segments: Asset Intelligence & Tracking, and Enterprise Visibility & Mobility. Founded successful 1969, the institution serves the automatic recognition and information seizure solutions industry.

While we admit the imaginable of ZBRA arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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Disclosure: None.