Zebra Technologies is a Buy Even After its Recent Run Up

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The stock has advanced 4% over the past month and 37.9% year-to-date. Closing yesterday’s session at $530.14, ZBRA is trading just 3.6% below its 52-week high of $549.98. The company’s management expects its net sales to increase by 38% – 42% from the prior-year period in the second quarter of 2021 as industries prioritize spending on advanced analytics. Given its strong momentum, we think ZBRA is poised to climb further in the near term.

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