New York Life Investment Management has reduced its position in Zebra Technologies Co. (NASDAQ:ZBRA), meanwhile, Van ECK Associates Corp and First Trust Direct Indexing L.P. have grown their positions. The reduction comes amidst warnings of a potential decrease in demand adversely affecting Zebra Technologies' Q4 earnings. Despite this, numerous analysts foresee Zebra poised for a surge and maintaining its leadership position in the retail industry well into 2024.
Amid mixed sentiments, the stock has risen due to an improving outlook and various institutions including Victory Capital Management and SVB Wealth LLC have also bolstered their positions. Earnings expectations for Zebra have been raised repeatedly by several firms including UBS Group and Truist Financial. Despite a 10% drop in the value of Zebra stock, analysts indicate strong prospects of recovery.
Q4 results for 2023 and Q1 results for 2024 were less than stellar with declines in earnings and revenues year-over-year. Nevertheless, Zebra managed to outperform expectations in its Q1 2024 earnings results. Concerns linger over the mixed fundamentals potentially negatively impacting Zebra’s share price momentum, yet many see the recent stock performance as being tied to solid fundamentals, making the company’s P/E ratio appear reasonable.
While some investors express concerns about returns on capital, others speculate that the stock is undervalued by 30% and find Zebra a worthwhile investment despite last month's 11.5% loss. Amid these uncertainties, some see a strong floor for Zebra Technologies’ stock value, and others confidently predict a rebound to pre-inflation shock highs of $600.
Zebra Technologies Stocks ZBRA News Analytics from Tue, 01 Aug 2023 07:00:00 GMT to Tue, 07 May 2024 12:47:35 GMT - Rating 2 - Innovation 3 - Information 6 - Rumor 4
