Top 10 Lowest P/E Ratio Stocks of the S&P 500

8. Zebra Technologies Corporation (NASDAQ:ZBRA)

Number of Hedge Fund Holders: 36

With a forward P/E of 12.45x and upside potential of 44.30%, Zebra Technologies Corporation (NASDAQ:ZBRA) ranks among the top 10 lowest P/E ratio stocks of the S&P 500.

A beat-and-raise quarter, fresh software launches, and back-to-back analyst target hikes have kept Zebra Technologies Corporation (NASDAQ:ZBRA) in the spotlight heading into the second half of 2026.

On June 2, 2026, Zebra Technologies Corporation (NASDAQ:ZBRA) launched two new software solutions at its annual ZONE 2026 customer conference in Nashville. Zebra Nucleus is a unified platform that consolidates device setup, security, management, and optimization into a single interface across Zebra’s full portfolio. Alongside it, Zebra Workcloud Business Intelligence delivers AI-powered, role-based mobile dashboards for real-time frontline visibility, while Workcloud Integration and Orchestration connects Workcloud solutions to core business systems, such as point of sale, to coordinate workflows across the enterprise.

The product launch followed a strong first-quarter report on May 12, 2026.

Zebra Technologies Corporation (NASDAQ:ZBRA) posted net sales of $1.50 billion for the quarter ended April 4, ahead of the $1.48 billion analyst estimate. Adjusted profit came in at $4.75 per share, above the $4.25 per share consensus. The company raised its full-year 2026 sales growth forecast to 10% to 14% from a prior range of 9% to 13%. For the second quarter, Zebra guided sales growth of 14% to 17% and adjusted EPS of $4.20 to $4.50, both above analyst estimates at the time.

Two analyst updates followed on May 13, 2026.

Citi raised its price target to $284 from $274, keeping a “Neutral” rating, citing an improving demand outlook and better execution. Baird analyst Quinn Fredrickson raised the firm’s target to $310 from $300 and kept an “Outperform” rating, saying memory is tracking better than feared following first-quarter results.

Zebra Technologies Corporation (NASDAQ:ZBRA) designs and builds hardware, software, and automation solutions that track, manage, and digitize physical assets. Their technology is used by frontline workers in retail, healthcare, manufacturing, and logistics to streamline workflows and improve operational efficiency.

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