Professional
Added to YB: 2024-08-09
Pitch date: 2024-08-08
ZBRA [bearish]
Zebra Technologies Corporation
+16.27%
current return
Author Info
Spruce Point Capital Management is an activist investment manager specializing in forensic short-selling. Sign up for the newsletter.
Company Info
Zebra Technologies Corporation, together with its subsidiaries, provides enterprise asset intelligence solutions in the automatic identification and data capture solutions industry worldwide.
Market Cap
$13.4B
Pitch Price
$320.55
Price Target
110.00 (-59%)
Dividend
N/A
EV/EBITDA
14.26
P/E
26.64
EV/Sales
2.80
Sector
Electronic Equipment, Instruments and Components
Category
N/A
Spruce Point Capital Management Issues 'Strong Sell' Research Opinion On Zebra Technologies Corp. (Nasdaq: ZBRA) With 65%-80% Downside Risk Potential
ZBRA: Competitive pressures in hardware, services & software; failed $2.1B acquisition spree; accounting concerns (CAO 'comfortable in gray areas'); mgmt misalignment; 65-80% downside risk. Core hardware sales +1.3% CAGR '19-'23, margins -360bps. Services/software growth slowed. Q concerns on retail exposure, Walgreens partnership. PT $62.90-$110 (65-80% downside).
Read full article (9 min)