Zebra Technologies price target lowered to $379 from $409 at Truist

Truist lowered the firm’s price target on Zebra Technologies (ZBRA) to $379 from $409 and keeps a Hold rating on the shares. The company’s Q4 results topped estimates but its FY25 outlook was below the Street, and the management also noted less visibility in 2025 relative to a normal year, the analyst tells investors in a research note. Order backlog is supporting solid Q1 growth driven by large orders in retail, but the macro and trade policies remain uncertain, Truist adds.