On Thursday, Zebra Technologies (NASDAQ:ZBRA) acquired a vote of confidence from Needham because the agency elevated its value goal on the inventory to $370 from $352, whereas reiterating a Buy ranking. The adjustment comes within the wake of Zebra’s first-ever Innovation Day held earlier this week, the place the corporate showcased an array of applied sciences, with a powerful emphasis on areas focused for progress comparable to RFID, machine imaginative and prescient, and retail software program.

According to the agency, the occasion bolstered the idea in Zebra’s strong aggressive place and its capability to maintain stable natural progress. The potential for strategic mergers and acquisitions was additionally famous as an element that would additional strengthen Zebra’s standing available in the market. The analyst highlighted the corporate’s concentrate on RFID know-how, acknowledging that the numerous investments by Zebra’s giant prospects on this space shouldn’t have been surprising.

Moreover, Zebra’s developments in machine imaginative and prescient know-how had been acknowledged as noteworthy, surpassing preliminary expectations. While the agency expressed much less certainty concerning Zebra’s present standing within the robotics sector for warehouse automation, it was acknowledged that this market remains to be in its early phases and Zebra’s future prospects on this space stay open.

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