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Barclays Maintains Zebra Technologies(ZBRA.US) With Hold Rating, Raises Target Price to $407

Futu News ·  Nov 1 18:36  · Ratings

Barclays analyst Tim Long maintains $Zebra Technologies (ZBRA.US)$ with a hold rating, and adjusts the target price from $292 to $407.

According to TipRanks data, the analyst has a success rate of 62.0% and a total average return of 13.2% over the past year.

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Furthermore, according to the comprehensive report, the opinions of $Zebra Technologies (ZBRA.US)$'s main analysts recently are as follows:

  • Zebra Technologies' Q3 performance surpassed expectations, accompanied by yet another increase in fiscal year guidance due to persistent demand improvements. Nonetheless, the uncertain macroeconomic landscape casts a shadow over the company's visibility heading into fiscal 2025.

  • Zebra Technologies has shown a more broad-based recovery and larger deal momentum than anticipated in the third quarter, which was seen as encouraging. However, it is held that the current valuation already reflects an anticipated recovery, and there are more appealing risk-reward opportunities present within the sector.

  • Analysts note that as more normalized activities emerge, despite the extended timelines for large project decisions, there is growing confidence in the fiscal year 2025 estimates for Zebra Technologies.

Note:

TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.

Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.

TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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