Wedbush raised the firm’s price target on Logitech to $92 from $90 and keeps a Neutral rating on the shares. The firm notes that Logitech 2024 results year-to-date have teased a potential inflection point, while its FY24 guidance balances a worst-case scenario throughout its segments and global logistics, with a more reasonable and decent year-end.
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Read More on LOGI:
- Logitech (NASDAQ:LOGI) Slides Even as Fiscal Q3 Results Beat Estimates
- Logitech raises FY24 revenue view to $4.20B-$4.25B from $4.0B-$4.15B
- Logitech reports Q3 EPS $1.53, consensus $1.17
- Logitech options imply 6.3% move in share price post-earnings
- Logitech International (LOGI) Q3 Earnings Cheat Sheet
