Needham analyst James Ricchiuti reiterated a Buy rating on Zebra Tech (NASDAQ:ZBRA) on Wednesday, setting a price target of $600, which is approximately 9.74% above the present share price of $546.74.
Ricchiuti expects Zebra Tech to post earnings per share (EPS) of $4.26 for the third quarter of 2021.
The current consensus among 3 TipRanks analysts is for a Moderate Buy rating of shares in Zebra Tech, with an average price target of $526.67.
The analysts price targets range from a high of $600 to a low of $420.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $1.35 billion and a net profit of $273 million. The company's market cap is $29.26 billion.
According to TipRanks.com, Needham analyst James Ricchiuti is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 23.7% and a 67.47% success rate.
Zebra Technologies Corp. engages in designing, manufacturing and selling of automatic identification and data capture products. Its products include mobile computers, barcode scanners, radio frequency identification devices (RFID) readers, specialty printers for barcode labeling and personal identification, real-time location systems, accessories and supplies, such as self-adhesive labels and other consumables, and software utilities and applications. It also provides services such as maintenance, technical support, repair, managed and professional services, including cloud-based subscriptions. It operates through the following two segments: Asset Intelligence & Tracking (AIT) and Enterprise Visibility & Mobility (EVM). The AIT segment comprises of barcode and card printing, location solutions, supplies, and services. The EVM segment comprises of mobile computing, data capture, and RFID. The company was founded by Edward L. Kaplan and Gerhard Cless in 1969 and is headquartered in Lincolnshire, IL.