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Zebra Technologies Corp Class A ZBRA Stock Quote

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Morningstar‘s Stock Analysis ZBRA

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Is it the right time to buy or sell?

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Zebra Remains at Massive Discount Even After Disappointing Q3

Analyst Note

| William Kerwin |

We lower our fair value estimate for Zebra Technologies to $417 per share, from $449, after disappointing third-quarter results and guidance. Zebra continues to feel the sting of ongoing supply constraints limiting its ability to ship and is seeing the emergence of softening demand now, as well. We thought Zebra had done an admirable job navigating headwinds through the first half of 2022, but we see pressures having caught up with the firm in the third quarter. We forecast softening demand to impact the firm into 2023 but continue to be bullish on Zebra in the long term. In our view, its current share price implies unjustifiably low long-term growth and margin assumptions, especially after a 16% selloff following the print. We view shares as materially undervalued, even when considering short-term weakness.

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Key Statistics ZBRA

Company Profile ZBRA

Business Description

Zebra Technologies is a leading provider of automatic identification and data capture technology to enterprises. Its solutions include barcode printers and scanners, mobile computers, and workflow optimization software. The firm primarily serves the retail, transportation logistics, manufacturing, and healthcare markets, designing custom solutions to improve efficiency at its customers.

3 Overlook Point
Lincolnshire, IL, 60069
T +1 847 634-6700
Industry Communication Equipment
Most Recent Earnings Sep 30, 2022
Fiscal Year End Dec 31, 2022
Employees 9,800