Needham analyst James Ricchiuti reiterated a Buy rating on Zebra Tech (ZBRA – Research Report) today and set a price target of $535.00. The company’s shares closed last Tuesday at $387.08, close to its 52-week low of $375.63.
According to TipRanks.com, Ricchiuti is a top 100 analyst with an average return of 22.5% and a 61.9% success rate. Ricchiuti covers the Technology sector, focusing on stocks such as Teledyne Technologies, Benchmark Electronics, and Faro Technologies.
Zebra Tech has an analyst consensus of Strong Buy, with a price target consensus of $580.25, representing a 51.7% upside. In a report issued on March 7, Northcoast Research also maintained a Buy rating on the stock with a $576.00 price target.
The company has a one-year high of $615.00 and a one-year low of $375.63. Currently, Zebra Tech has an average volume of 433K.
Based on the recent corporate insider activity of 88 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ZBRA in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Zebra Technologies Corp. engages in designing, manufacturing and selling of automatic identification and data capture products. Its products include mobile computers, barcode scanners, radio frequency identification devices (RFID) readers, specialty printers for barcode labeling and personal identification, real-time location systems, accessories and supplies, such as self-adhesive labels and other consumables, and software utilities and applications. It also provides services such as maintenance, technical support, repair, managed and professional services, including cloud-based subscriptions. It operates through the following two segments: Asset Intelligence & Tracking (AIT) and Enterprise Visibility & Mobility (EVM). The AIT segment comprises of barcode and card printing, location solutions, supplies, and services. The EVM segment comprises of mobile computing, data capture, and RFID. The company was founded by Edward L. Kaplan and Gerhard Cless in 1969 and is headquartered in Lincolnshire, IL.
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