In a report released today, James Ricchiuti from Needham reiterated a Buy rating on Zebra Tech (NASDAQ: ZBRA), with a price target of $178. The company’s shares opened today at $164.50, close to its 52-week high of $167.61.
According to TipRanks.com, Ricchiuti is a 5-star analyst with an average return of 14.6% and a 64.3% success rate. Ricchiuti covers the Consumer Goods sector, focusing on stocks such as IPG Photonics Corporation, Teledyne Technologies Inc, and Electro Scientific.
Zebra Tech has an analyst consensus of Strong Buy, with a price target consensus of $180.60, a 9.8% upside from current levels. In a report issued on August 6, J.P. Morgan also maintained a Buy rating on the stock with a $170 price target.
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The company has a one-year high of $167.61 and a one-year low of $99.59. Currently, Zebra Tech has an average volume of 402.6K.
Based on the recent corporate insider activity of 60 insiders, corporate insider sentiment is negative on the stock. Most recently, in May 2018, Jim Kaput, the SVP, General Counsel & Secy of ZBRA sold 5,101 shares for a total of $791,867.
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Zebra Technologies Corp. engages in the provision of automatic identification and data capture market. It operates through the AIT and EVM segments. The AIT segment consist of barcode and card printing, location solutions, supplies, and services.
