Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

Zebra Technologies Corp / Equity Bottom-Up

<ul><li>Zebra delivered a solid result and managed an all-around beat in the last quarter.</li><li>Zebra adjusted its sales outlook due to softer demand in certain markets while remaining financially strong and actively managing its supply chain.</li><li>Zebra observed cautious spending behavior among enterprise customers, resulting in a shift from large orders to smaller ones.</li></ul>

Zebra delivered a solid result and managed an all-around beat in the last quarter.Zebra adjusted its sales outlook due to softer demand in certain markets while remaining financially strong and actively managing its supply chain.Zebra observed cautious spending behavior among enterprise customers, resulting in a shift from large orders to smaller ones.

Zebra Technologies Corporation: Launch of TC22/TC27 & Other Drivers

<ul><li>Zebra Technologies had a strong finish to the year, with profitability and sales near the high end of the outlook of the company and an all-around beat in the fourth quarter.</li><li>Latin America sales increased with strong growth in Mexico and Brazil.</li><li>However, due to an uncertain microenvironment, Zebra Technologies continue to see elongated sales cycles and softening of demand.</li></ul>

Zebra Technologies had a strong finish to the year, with profitability and sales near the high end of the outlook of the company and an all-around beat in the fourth quarter.Latin America sales increased with strong growth in Mexico and Brazil.However, due to an uncertain microenvironment, Zebra Technologies continue to see elongated sales cycles and softening of demand.

Zebra Technologies: Improved Offerings For Industrial Automation & Other Drivers

Covering IPOs, Healthcare and Technology Stocks

Andrei Zakharov

Algosun Global

Private Capital Markets

Geekplus Technology / Private Capital Markets

<ul>
<li>Geek+ is the fastest-growing robotics startup and producer of warehouse robots powered by AI and deep learning algorithms. The company successfully integrates logistics with robots. </li>
<li>Beijing-Based Geek+ has raised a total of ~$532M in funding over 7 rounds. The last round was a $100M Series E in August 2022 that was led by Intel Capital. </li>
<li>Warehouse robots have a huge market potential driven by rising labor costs in China, lack of human labor in the warehouse segment, and huge fluctuations in production capacity. </li>
</ul>


Geek+ is the fastest-growing robotics startup and producer of warehouse robots powered by AI and deep learning algorithms. The company successfully integrates logistics with robots. 
Beijing-Based Geek+ has raised a total of ~$532M in funding over 7 rounds. The last round was a $100M Series E in August 2022 that was led by Intel Capital. 
Warehouse robots have a huge market potential driven by rising labor costs in China, lack of human labor in the warehouse segment, and huge fluctuations in production capacity. 


Geek+: Global Leader in Smart Logistics Robotic Technology

<ul><li>This is our first report on one of the leading players in the Automatic Identification Data Capture (AIDC) market, Zebra Technologies Corporation.</li><li>For the solutions which automate and digitize workflows, customer demand remains strong for Zebra and it saw good growth in the e-commerce, retail, manufacturing, and healthcare end markets.</li><li>We initiate coverage on the stock of Zebra Technologies Corporation with a ‘Buy’ rating.</li></ul>

This is our first report on one of the leading players in the Automatic Identification Data Capture (AIDC) market, Zebra Technologies Corporation.For the solutions which automate and digitize workflows, customer demand remains strong for Zebra and it saw good growth in the e-commerce, retail, manufacturing, and healthcare end markets.We initiate coverage on the stock of Zebra Technologies Corporation with a ‘Buy’ rating.

Zebra Technologies Corporation: Initiation of Coverage – Wide Footprint

Latest News from the World’s Leading Innovators

Granite Bay Capital

An innovation focussed investment company

Granite Bay Capital is an innovation focussed investment company with a deep focus on the companies at the leading edge of innovation across major themes such as AI, ubiquitous computing, sustainability, automation and longevity.

Thematic (Sector/Industry)

<p>Headline Developments: Another week, another major cyber attack!  Last Friday, a global ransomware attack hit up to 1,500 companies in what is believed to be the biggest supply chain attack to date.  In the attack, American software company Kaseya was compromised, opening a door for hackers to spread ransomware to managed service providers that use it’s technology, and in turn their clients.</p>

Headline Developments: Another week, another major cyber attack!  Last Friday, a global ransomware attack hit up to 1,500 companies in what is believed to be the biggest supply chain attack to date.  In the attack, American software company Kaseya was compromised, opening a door for hackers to spread ransomware to managed service providers that use it’s technology, and in turn their clients.

United States

Zebra Technologies Corporation designs and manufactures enterprise mobile computers, advanced data capture devices, such as laser, 2D and RFID scanners and readers, and specialty printers for barcode labeling and personal identification. The Company also produces WLAN products, real-time location systems, related supplies and application software.

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Zebra Technologies Corp (ZBRA US)

Zebra Technologies Corporation: Launch of TC22/TC27 & Other Drivers

Zebra delivered a solid result and managed an all-around beat in the last quarter. Zebra adjusted its sales outlook due to softer demand in...

Baptista Research

Zebra Technologies: Improved Offerings For Industrial Automation & Other Drivers

Zebra Technologies had a strong finish to the year, with profitability and sales near the high end of the outlook of the company and an all-around...

Baptista Research

Geek+: Global Leader in Smart Logistics Robotic Technology

We view VC-backed Geek+ as a great company and a category winner that is addressing the fastest-growing warehouse automation and robotics segment

Andrei Zakharov

Zebra Technologies Corporation: Initiation of Coverage – Wide Footprint

This is our first report on one of the leading players in the Automatic Identification Data Capture (AIDC) market, Zebra Technologies...

Baptista Research

Weekly Innovation Review (WIRE) #39

Headline Developments: Another week, another major cyber attack! Last Friday, a global ransomware attack hit up to 1,500 companies

Granite Bay Capital

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