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Zebra Technologies delivered Q3 results that beat expectations, raised its sales outlook, and highlighted growth from acquisitions and AI-enabled products. Despite this, the stock fell 14% due to contracting profit margins and modest organic growth. The company's share price has declined 29% over the past year, raising concerns about its long-term trajectory. Analysts estimate a fair value of $372.33, suggesting the market may be missing something crucial in its outlook.

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