Last Updated: 13 Nov 2024
Executive Summary
Zebra Technologies Corporation (ZBRA) is a leading provider of marking, tracking, and computer printing technologies. With a market capitalization of $20.79 billion, the company has a strong financial position and is well-positioned for growth in the future. The stock is currently trading at $402.69, which is below its 52-week high of $405.62. However, the stock has been trending higher in recent months and is expected to continue to rise in the long term.
Company Overview
Zebra Technologies Corporation was founded in 1969 and is headquartered in Lincolnshire, Illinois. The company designs, manufactures, and sells a wide range of products, including thermal barcode label and receipt printers, RFID smart label printers/encoders/fixed & handheld readers/antennas, and card and kiosk printers. These products are used in a variety of industries, including manufacturing, supply chain, retail, healthcare, and government.
Zebra Technologies Corporation has a strong global presence with operations in over 100 countries. The company has a workforce of over 10,000 employees and generated revenue of $4.66 billion in 2023.
Fundamental Analysis
Zebra Technologies Corporation has a strong financial position. The company has a healthy balance sheet with $1.3 billion in cash and equivalents and no long-term debt. The company also has a strong track record of profitability, with an operating margin of 15.6% in 2023.
Zebra Technologies Corporation is expected to continue to grow in the future. The company is benefiting from the increasing demand for its products in a variety of industries. The company is also expanding its product portfolio and entering new markets.
Technical Analysis
The technical analysis of Zebra Technologies Corporation's stock is bullish. The stock has been trending higher in recent months and is currently trading above its 50-day and 200-day moving averages. The stock also has a strong relative strength index (RSI), which indicates that it is overbought.
Short Term Outlook
The short-term outlook for Zebra Technologies Corporation's stock is positive. The stock is expected to continue to rise in the coming months. The stock could reach its 52-week high of $405.62 in the near term.
Long Term Outlook
The long-term outlook for Zebra Technologies Corporation's stock is also positive. The company is well-positioned for growth in the future. The company is benefiting from the increasing demand for its products in a variety of industries. The company is also expanding its product portfolio and entering new markets.
Analyst Recommendations
The majority of analysts have a buy rating on Zebra Technologies Corporation's stock. The average analyst target price is $407.41, which is above the current stock price.
