Morgan Stanley raised the firm’s price target on Zebra Technologies (ZBRA) to $305 from $290 and keeps an Underweight rating on the shares. While the company outperformed with a more broad-based recovery and more large deal momentum than anticipated in Q3 and the firm calls the quarter “encouraging,” the firm continues to believe that the current multiple captures an anticipated recovery and sees more attractive risk-rewards within the analyst’s coverage.
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Read More on ZBRA:
- Zebra Technologies price target raised to $425 from $380 at TD Cowen
- Zebra Technologies price target raised to $415 from $380 at Baird
- Zebra Technologies Reports Strong Q3 2024 Growth
- Zebra Technologies sees Q4 non-GAAP EPS $3.80-$4.00, consensus $3.54
- Zebra Technologies reports Q3 non-GAAP EPS $3.49, consensus $3.23