Data management expert Zebra Technologies (NASDAQ: ZBRA) reported robust fourth-quarter results on Thursday, inspiring several bullish analyst reports. Among them, Baird analyst Richard Eastman raised his price target for Zebra from $292 to $312 per share, based on a compelling analysis.

Eastman explained his reiterated "outperform" rating on Zebra's stock with an insightful analysis of its most important target market. The retail sector was the first to head into the economic downturn of 2021 and 2022, and the same industry appears headed for a robust recovery.

On the earnings call, management cited "green shoots" in retail clients' service and infrastructure spending, though they still prefer to keep their guidance conservative.

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Source Fool.com