TD Cowen analyst Joseph C Giordano maintained a Buy rating on Zebra Tech today and set a price target of $400.00.
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Joseph C Giordano has given his Buy rating due to a combination of factors including anticipated upward revisions to consensus estimates and strategic acquisitions. Despite a recent sell-off in shares, Giordano expects significant increases in Zebra Tech’s numbers for the coming years, driven by reduced tariff impacts and the Elo acquisition.
The acquisition is seen as a strategic move that aligns with Zebra Tech’s goal to offer a comprehensive solution suite, enhancing its competitive edge. The deal is expected to contribute positively to earnings, with substantial revenue and profitability growth projected. Giordano also notes that customer demand for integrated solutions supports this strategic direction, reinforcing the company’s position in the market.
According to TipRanks, C Giordano is a 5-star analyst with an average return of 11.1% and a 61.27% success rate. C Giordano covers the Industrials sector, focusing on stocks such as Symbotic, Flowserve, and Emerson Electric Company.
In another report released today, Needham also reiterated a Buy rating on the stock with a $345.00 price target.