These Analysts Boost Their Forecasts On Zebra Technologies After Upbeat Earnings

Core Insights - Zebra Technologies Corporation reported better-than-expected second-quarter earnings, with adjusted earnings of $3.61 per share, surpassing market estimates of $3.31 per share [1] - The company raised its FY2025 adjusted EPS guidance from a range of $13.75-$14.75 to $15.25-$15.75 and narrowed its sales guidance from $5.13 billion-$5.33 billion to $5.23 billion-$5.33 billion [1] Financial Performance - Zebra Technologies' sales for the second quarter were in line with estimates at $1.29 billion [1] - The company experienced solid demand and lower-than-expected tariffs, contributing to the positive earnings results [2] Management Commentary - CEO Bill Burns highlighted the excellent execution by the team and the expectation for growth in the second half of the year, leading to an improved outlook for sales and profitability [2] - The focus remains on driving shareholder value and advancing industry leadership through innovative solutions [2] Analyst Reactions - Following the earnings announcement, analysts adjusted their price targets for Zebra Technologies, with Needham analyst James Ricchiuti maintaining a Buy rating and raising the target from $325 to $345 [8] - Truist Securities analyst Jamie Cook maintained a Hold rating and increased the price target from $269 to $319 [8] Stock Performance - Despite the positive earnings report, Zebra Technologies shares fell 11.4% to close at $302.60 [2]