In a report released today, Damian Karas from UBS reiterated a Buy rating on Zebra Tech, with a price target of $415.00.
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Damian Karas has given his Buy rating due to a combination of factors that suggest a positive outlook for Zebra Tech’s stock despite recent setbacks. Although the company’s recent quarterly results did not meet the high expectations of some investors, leading to a notable drop in share price, Karas believes this presents a unique buying opportunity. The current valuation of ZBRA is near historic lows, which he views as an attractive entry point with limited downside risk.
Karas remains optimistic about the company’s future prospects, particularly as it is well-positioned compared to its competitors. He anticipates that the demand environment will improve as trade negotiations and tariffs stabilize, potentially leading to a quick conversion of projects in the pipeline. Even in a less favorable scenario where sales growth remains flat, Karas estimates that the stock’s valuation remains reasonable, reinforcing his Buy recommendation.
According to TipRanks, Karas is a 4-star analyst with an average return of 8.6% and a 61.90% success rate. Karas covers the Industrials sector, focusing on stocks such as Lennox International, Crane NXT, and A. O. Smith Corporation.
In another report released today, Barclays also maintained a Buy rating on the stock with a $360.00 price target.