Zebra Tech Stock Is Falling, Analysts Say Company Faces Soft Demand and Visibility Challenges
Portfolio Pulse from Anusuya Lahiri
Analysts from Needham, Stephens & Co, and KeyBanc have maintained their ratings on Zebra Technologies Corp (ZBRA) but lowered their price targets due to soft demand and visibility challenges. Q3 revenues were above the midpoint of guidance and 3% above consensus, but Q4 revenues are expected to decline 32% - 36% Y/Y. ZBRA shares traded lower by 6.66% at $195.48 on the last check Wednesday.
November 01, 2023 | 6:44 pm
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Zebra Technologies Corp (ZBRA) is facing soft demand and visibility challenges, leading analysts to lower their price targets. The company's Q4 revenues are expected to decline 32% - 36% Y/Y.
The company's soft demand and visibility challenges have led analysts to lower their price targets, which could negatively impact investor sentiment and the stock price. Additionally, the expected decline in Q4 revenues could further pressure the stock.
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