Loading...
Loading...
- Wedbush analyst Michael Pachter upgraded Logitech International SA LOGI to Outperform from Neutral with a $90 price target, implying an upside of 18.8%.
- Logitech must still face tough comparisons and a difficult supply chain environment before returning to a premium multiple.
- Pachter expects shares to quickly return to their five-year historical average multiple or higher if demand remains strong.
- The company can show re-accelerating growth in Video Conferencing, Webcams, and Gaming after lapping the difficult post-pandemic comps and overcoming current supply chain constraints.
- Price Action: LOGI shares traded higher by 1.84% at $76.01 on the last check Tuesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Posted In: Analyst ColorNewsUpgradesPrice TargetAnalyst RatingsMoversTechTrading IdeasBriefsComputer Storage & PeripheralsInformation Technology
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
