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Zebra Technologies Corporation (NASDAQ:ZBRA) is one of the cheap robotics stocks to buy right now. On May 14, BNP Paribas reiterated an Outperform rating on Zebra Technologies (NASDAQ:ZBRA) and raised the price target to $370 from $365.

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The bullish stance and price target hike come amid the robotics company’s solid first-quarter results, which exceeded expectations. The company also raised its 2026 guidance, even as it faces the prospect of rising memory prices. Net sales in the quarter were up 14.3% to $1.5 billion, while net income came in at $135 million, or $2.72 a share.

Zebra Technologies benefited from a favorable product mix, deal accretion, and the Elo acquisition, as the productivity initiative also helped offset higher memory price headwinds. According to Bill Burns, Chief Executive Officer of Zebra Technologies, the solid first-quarter results underscored the durability of demand for the company’s innovative technology and organic growth across all regions.

For the second quarter, Zebra Technologies expects sales to grow between 14% and 17%, with diluted earnings per share of $4.20 to $4.50.

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.

While we acknowledge the potential of ZBRA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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