Zebra Technologies: Sky-High Valuation Leaves Little Room For Growth

Summary

• Zebra Technologies has outperformed the S&P 500, but its current valuation of 76 times earnings is unsustainable given its earnings growth.
• The company needs to grow its free cash flow per share by over 25% annually for the next decade, an unlikely scenario.
• With limited margin for safety and weakening bullish momentum, Zebra Technologies stock is not attractive at current prices.