Movement Alert|Zebra Technologies Rises 5.07% in Regular Trading, Q1 Earnings Beat and Analyst Upgrade Continue to Lift Shares

Market Focus05-23

On May 22, Zebra Technologies rose 5.07% in regular trading, reaching $254.515 per share with trading volume of approximately $149 million.

On the news front, the company previously reported strong first-quarter results that significantly exceeded market expectations. Specifically, non-GAAP EPS came in at $4.75, beating the consensus estimate by approximately 11.76%, while net sales of $1.495 billion represented a year-over-year increase of roughly 14.5%. The company also raised its full-year guidance, lifting non-GAAP EPS expectations to $18.30–$18.70 and increasing its full-year sales growth outlook to 10%–14%, both well above prior market estimates. Additionally, KeyBanc upgraded the stock to Overweight with a $305 price target. Analysts noted broader inflection-point signals in short-cycle industrial demand, with these positive catalysts collectively sustaining bullish market sentiment and driving the continued rally.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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