Zebra Technologies price target raised to $285 from $250 at Needham

Needham raised the firm’s price target on Zebra Technologies to $285 from $250 and keeps a Buy rating on the shares ahead of its Q4 results this week. Commentary from distributors and competitors of the company in the barcode and mobile computing market suggest a slow recovery in 2024, the analyst tells investors in a research note. The firm is also boosting its FY24 EPS view to $10.43 from the previously “admittedly cautious” forecast of $10.15, Needham added.