Assessing Zebra Technologies (ZBRA) Valuation Amidst Poka Yoke Defect Reduction and Efficiency Gains

Zebra Technologies (ZBRA) reported a 10-15% defect rate reduction and faster production line commissioning using its Poka Yoke inspection solution. Despite this, the company's US$238.56 share price has declined by 11.9% over the past 90 days and 41.18% over the past year. The most popular narrative suggests ZBRA is undervalued, with a fair value estimate of $339.24. The narrative is based on sustained revenue growth, rising margins, and a richer earnings mix. However, there are risks such as softer organic growth in key regions and heavy reliance on hardware.