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.
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:
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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.
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