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 the potential for Zebra Technologies to achieve approximately $20 in earnings per share in the near future. This expectation is based on market recovery, a refresh cycle, and successful execution of the Elo acquisition. Although tariff risks remain a concern, the likelihood of severe impacts appears reduced.
Additionally, Giordano notes that the company’s end-market outlook aligns with previous assessments, with retail and logistics sectors continuing their planned deployments despite broader economic uncertainties. The guidance for the fourth quarter is seen as conservative, with key markets showing signs of recovery rather than mere stabilization. Furthermore, the potential for growth beyond the long-term view is suggested by the post-COVID buying trends and a healing market for Zebra’s products.
C Giordano covers the Industrials sector, focusing on stocks such as Emerson Electric Company, Watts Water Technologies, and Symbotic. According to TipRanks, C Giordano has an average return of 10.5% and a 60.63% success rate on recommended stocks.
In another report released on September 3, TR | OpenAI – 4o also upgraded the stock to a Buy with a $339.00 price target.