Deutsche Bank analyst George Brown downgraded Logitech to Sell from Hold with a CHF 60 price target. The firm noted that Logitech shares are up 40% over the past year, and now have a “steep premium valuation,” which the analyst believes is “unsustainable” and “providing little margin for error.” Deutsche Bank added that shares look vulnerable heading into April earnings, where FY25 guidance is expected to be provided.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LOGI:
- Reddit, Astera Labs initiated: Wall Street’s top analyst calls
- Logitech downgraded to Underweight from Equal Weight at Morgan Stanley
- Logitech announces Streamlabs TikTok Live integration
- Logitech price target raised to $100 from $98 at Citi
- Logitech CFO Charles Boynton Resigns, Successor Search Begins