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Wedbush Reaffirms "Outperform" Rating for Logitech International (NASDAQ:LOGI)

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Key Points

  • Wedbush reaffirmed an "Outperform" rating on Logitech with a $135 price target, implying roughly a 37% upside from the current share price.
  • Logitech posted a Q4 beat — $1.13 EPS vs. $1.10 consensus and $1.09B revenue (+7.4% YoY) — while operating profit and cash flow rose and management raised near‑term revenue guidance to about $1.2B, with gaming peripherals cited as a key growth driver.
  • Analyst views remain mixed: the MarketBeat consensus is a "Hold" with a $111 target after several downgrades, even as large institutions (e.g., Arrowstreet, Morgan Stanley) significantly increased positions and institutional ownership stands at ~45.8%.
  • Interested in Logitech International? Here are five stocks we like better.

Logitech International (NASDAQ:LOGI - Get Free Report)'s stock had its "outperform" rating restated by equities researchers at Wedbush in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $135.00 target price on the technology company's stock. Wedbush's target price points to a potential upside of 37.17% from the company's current price.

Other equities research analysts have also recently issued research reports about the company. Wall Street Zen cut Logitech International from a "buy" rating to a "hold" rating in a research report on Sunday, April 26th. UBS Group downgraded Logitech International from a "buy" rating to a "neutral" rating in a report on Tuesday, March 17th. Barclays reissued an "equal weight" rating and set a $98.00 price target (down from $134.00) on shares of Logitech International in a research report on Friday, January 16th. Citigroup dropped their price objective on Logitech International from $130.00 to $115.00 and set a "buy" rating on the stock in a research note on Tuesday, January 20th. Finally, BNP Paribas Exane cut Logitech International from an "outperform" rating to a "neutral" rating and set a $106.00 target price for the company. in a research note on Thursday, January 8th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $111.00.

View Our Latest Research Report on LOGI

Logitech International Price Performance

LOGI stock opened at $98.42 on Wednesday. The firm has a market cap of $14.43 billion, a PE ratio of 20.49, a P/E/G ratio of 3.60 and a beta of 1.07. Logitech International has a 12 month low of $76.81 and a 12 month high of $123.01. The firm has a 50 day simple moving average of $93.56 and a 200 day simple moving average of $100.83.

Logitech International (NASDAQ:LOGI - Get Free Report) last released its quarterly earnings data on Tuesday, May 5th. The technology company reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.03. Logitech International had a net margin of 14.94% and a return on equity of 33.57%. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the previous year, the business earned $0.93 EPS. Logitech International's quarterly revenue was up 7.4% compared to the same quarter last year. As a group, sell-side analysts expect that Logitech International will post 5.1 earnings per share for the current year.

Institutional Trading of Logitech International

Institutional investors have recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership raised its position in shares of Logitech International by 305.7% in the third quarter. Arrowstreet Capital Limited Partnership now owns 2,084,820 shares of the technology company's stock valued at $227,859,000 after buying an additional 1,570,876 shares in the last quarter. Morgan Stanley lifted its position in shares of Logitech International by 152.5% during the 4th quarter. Morgan Stanley now owns 2,190,070 shares of the technology company's stock valued at $219,489,000 after acquiring an additional 1,322,582 shares during the period. Credit Agricole S A acquired a new stake in shares of Logitech International during the 3rd quarter worth $104,402,000. Norges Bank bought a new position in shares of Logitech International in the fourth quarter worth $89,248,000. Finally, Marshall Wace LLP raised its stake in Logitech International by 131.2% in the fourth quarter. Marshall Wace LLP now owns 1,273,720 shares of the technology company's stock valued at $129,125,000 after purchasing an additional 722,887 shares in the last quarter. Institutional investors own 45.76% of the company's stock.

Key Stories Impacting Logitech International

Here are the key news stories impacting Logitech International this week:

About Logitech International

(Get Free Report)

Logitech International SA is a Swiss-headquartered company that designs, manufactures and markets a wide range of computer peripherals and accessories for consumers, gamers and business customers. Founded in 1981, the company develops hardware and complementary software that enable people to interact with digital devices across work, home and entertainment settings. Logitech maintains corporate offices in Switzerland and significant operations in the United States and other regions worldwide.

The company's product portfolio includes mice, keyboards, webcams, headsets, microphones, speakers, remote controls and other input/output devices, along with specialized lines for gaming, streaming and video collaboration.

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Analyst Recommendations for Logitech International (NASDAQ:LOGI)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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