Zebra Technologies (NASDAQ:ZBRA) has experienced a fair amount of traction in the stock market. It continually surpassed
Q2 targets and returned to sales growth which catalysed a spike in its share price. The company not only hit a 52-week high of
$351.49, but its stock has also been bolstering by new investments from Park Avenue Securities, OLD National Bancorp, Tidal Investments, and DNB Asset Management.
Innovations and returns have seen mixed reviews, but the overall outlook remains positive. On insider trading, Zebra Technologies insiders added
US$2.11m of stock to their holdings, showing a high level of confidence in the company's direction. Their Q2 2024 earnings exceeded expectations.
Reliable results in recent quarterly reports, combined with a promising new
price target of $394.00 from Needham & Company reinforce the market's trust in ZBRA. However, the firm also witnessed portfolio rebalancing, like stakes trimmed by Vanguard Group and shares sold by Russel Investments Group. Despite market softness, Zebra has maintained improved relative strength, and even received a rating upgrade and is expected to see a major reversal. In terms of innovation, Zebra shows strong prospects in the AI field.
Zebra Technologies Stocks ZBRA News Analytics from Fri, 08 Sep 2023 07:00:00 GMT to Sun, 11 Aug 2024 15:28:30 GMT -
Innovation 4
- Information 9
- Rumor 3