5 Best Electronic Equipment Stocks to Buy According to Hedge Funds

4. Zebra Technologies Corp. (NASDAQ:ZBRA)

Zebra Technologies Corp. (NASDAQ:ZBRA) is one of the 7 best electronic equipment stocks to buy according to hedge funds.

On April 10, Zebra Technologies Corp. (NASDAQ:ZBRA) entered into a partnership with Aiva Health, which will leverage Aiva’s AI-enabled Nurse Assistant to facilitate hands-free nurse work streams through Zebra’s purpose-built healthcare devices. These devices include the company’s latest WS101-H badges and the HC20/HC50 mobile computers.

This partnership aims to help nurses working across healthcare organizations through voice-first assistants that are highly compatible with Zebra devices. This would ensure seamless patient care while clinicians carry out other administrative tasks, such as information retrieval and communications.

The strategic move is a practical demonstration of Zebra’s “Orchestrated Care” framework, which carries a vision for healthcare service providers to optimize their functions and make their teams more self-sufficient.

Earlier on March 30, Quinn Fredrickson from Baird Securities reiterated his Outperform rating for Zebra Technologies Corp. (NASDAQ:ZBRA). The analyst, however, reduced the stock’s target price from $350 to $300, which still leads to an adjusted upside potential of more than 25%.

Zebra Technologies Corp. (NASDAQ:ZBRA) works in the field of data automatic identification and capture technology. It develops and produces printers for intelligent labeling and printing through RFID technology. Its portfolio also includes barcode scanners and imagers, workflow optimization solutions, cloud-based software, and more.