JPMorgan Raises Zebra Technologies (ZBRA) PT Tp $180 On 3 Themes

September 21, 2018 8:59 AM EDT
Get Alerts ZBRA Hot Sheet
Price: $539.44 -1.08%

Rating Summary:
    11 Buy, 5 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 13 | Down: 25 | New: 41
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JPMorgan analyst, Paul Coster, reiterated his Overweight rating on shares of Zebra Technologies (NASDAQ: ZBRA) and raised his price target to $180 from $175 to reflect 3 tailwinds: strong secular demand in key end markets, leadership in the Windows to Android OS transition, and secular trends relating to IoT and Edge Computing.

The analyst stated "Though the stock is up 67% YTD (S&P500 up 9.4%), we sense positive revenue and earnings momentum could buoy EPS forecasts higher in coming quarters. Also, a stock split seems overdue and could be a positive catalyst by boosting liquidity and broadening interest in this SMid Cap name".

For an analyst ratings summary and ratings history on Zebra Technologies click here. For more ratings news on Zebra Technologies click here.

Shares of Zebra Technologies closed at $174.78 yesterday.

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