On August 7, Zebra rose 5.26% in regular trading, trading at $382.77/share, with turnover of $63.775 million, extending its strong post-earnings momentum.
On the news front, the company recently reported Q2 adjusted EPS of $6.35, far exceeding the consensus estimate of $4.36, while revenue of $1.557 billion also surpassed the expected $1.497 billion. The company raised its full-year adjusted EPS guidance to $20.75-$21.25, significantly above the prior market estimate of $18.57. Additionally, Morgan Stanley raised its price target on Zebra to $360 from $323, maintaining its rating. The average analyst target price stands at $390.93 with an overweight consensus rating. This marks the second consecutive quarter of substantial earnings beats, reflecting robust growth momentum in automatic identification and data capture solutions, with multiple institutional upgrades continuing to support the stock higher.
(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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