Zebra Technologies Earnings Release Vorschau

Zebra Technologies (ZBRA) reported Q1 earnings $0.49 above estimates, driving a 19.5% stock jump. Analysts at BNP Paribas reiterated an 'Outperform' rating and raised the price target to $370. Despite double-digit growth guidance, the stock trades at just 14 times forward earnings, making it one of the cheap robotics stocks to buy.

This narrative impacts the robotics and automation sector, with investors re-evaluating stocks like ZBRA following strong earnings. The low valuation and positive guidance may attract value and growth investors alike, potentially driving further upside in the stock.

Next, watch for ZBRA's Q2 earnings release on June 23. Analysts will be closely monitoring the impact of memory chip costs on margins, as management has indicated they are already adapting to this pressure. Additionally, keep an eye on the stock's performance around the $370 price target set by BNP Paribas.