Technology
ZBRA surpassed expectations in 1Q24, driven by substantial growth in significant retail mobile computer deals. While management remains cautious about labelling it a widespread market recovery, the strong results and improved visibility into the backlog prompted the company to increase its full-year guidance. This outcome should be considered a win for investors. Consequently, Northcoast raises their price target to $350, anticipating further positive developments. Their financial estimates for 2025 are conservative, and although they may appear optimistic compared to consensus estimates, they believe the market underestimates this company's potential.
Edition: 185
- 03 May, 2024
Zebra Technologies (ZBRA)
Technology
Sales are stampeding ahead - Northcoast’s latest survey of industry contacts/VARs was the most optimistic they have ever had in their 10 years of covering the company. 2Q21 was extremely strong - resellers experienced average sales growth of 14.0% and 22.8% respectively for the AIT and EVM segments. Contacts expect historic levels of demand to persist and the only obstacle to sales in 3Q21 will be securing products to fill orders. ZBRA is experiencing unprecedented pricing power; competitors Honeywell and Datalogic recently announced price increases, ZBRA is expected to soon follow suit.
Edition: 115
- 23 July, 2021