Barclays lowered the firm’s price target on Logitech (LOGI) to $103 from $105 and keeps an Overweight rating on the shares. The company reported a solid quarter, with healthy demand growth and margins above the long-term model, the analyst tells investors in a research note. The firm thinks the updated second half of the year guide is conservative.
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Read More on LOGI:
- Logitech (NASDAQ:LOGI) is Bullish on Year-End Consumer Spending
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- Logitech raises FY25 revenue view to $4.39B-$4.47B from $4.34B-$4.43B
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