Logitech price target raised to $100 from $98 at Citi

Citi raised the firm’s price target on Logitech to $100 from $98 and keeps a Neutral rating on the shares. The analyst says consumer sentiment remains mixed on gaming and PC peripherals, while enterprise footprint optimization implies little upside near term to its sales growth estimates for fiscal 2025. That said, the analyst sees potential upside to Logitech’s gross margins near term on better than feared Red Sea logistics impact.