Logitech price target raised to $80 from $63 at Wedbush

Wedbush analyst Alicia Reese raised the firm’s price target on Logitech to $80 from $63 and keeps a Neutral rating on the shares. After significant pandemic-era expansion throughout its categories, macroeconomic headwinds and currency pressure halted Logitech’s growth trajectory, the firm notes. Logitech’s Q1 results teased a potential inflection point for the year, without a guarantee, the firm says. Wedbush took the middle-ground with its 2024 estimates, assuming that Logitech can beat its guidance, but left remaining upside for a best-case scenario as there are several remaining uncertainties.