11 Worst Performing Stocks in S&P 500 So Far in 2025

4. Zebra Technologies Corporation (NASDAQ:ZBRA)

YTD Decline in Share Price: -35.83%

Zebra Technologies Corporation (NASDAQ:ZBRA) provides solutions to help businesses drive growth through increased asset visibility, intelligent automation, and connected frontline workers. The company’s customers include nearly four-fifths of the Fortune 500. With a year-to-date decline of approximately 36%, it is among the worst performing stocks this year.

Zebra Technologies Corporation (NASDAQ:ZBRA) has been grappling with challenges associated with rising costs and expenses, high debt levels, and foreign exchange woes over the last few months. Cost of sales increased 22.3% year-over-year in Q4 2024 due to high raw material costs, while it ended the quarter with a debt of $2,183 million.

On April 8, Truist Securities lowered Zebra Technologies Corporation (NASDAQ:ZBRA)’s price target to $254 from $379, while maintaining its Hold rating for the stock. Later in the month, Citigroup maintained its Neutral rating, but revised the stock’s price target from $371 to $250.

However, Zebra Technologies Corporation (NASDAQ:ZBRA) declared encouraging financial results for the first quarter of fiscal 2025 this week, which were above the high end of the company’s outlook. It reported net sales of $1,308 million, increasing 11.3% year-over-year. Net income stood at $136 million, or $2.62 per diluted share, improving from $115 million, or $2.23 per diluted share, last year.

While the improved financial performance is likely to boost investor confidence, the barcode scanner maker has projected lower-than-anticipated profit for Q2, due to a tariff impact of approximately $25 million to $30 million.