Professional
Added to YB: 2024-08-09
Pitch date: 2024-08-08
ZBRA [bearish]
Zebra Technologies Corporation
+21.47%
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, operates in the automatic identification and data capture solutions industry worldwide.
Market Cap
$13.0B
Pitch Price
$320.55
Price Target
110.00 (-56%)
Dividend
N/A
EV/EBITDA
14.85
P/E
32.35
EV/Sales
2.89
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)