Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Anusuya Lahiri

Wedbush Upgrades This Swiss-Based Consumer Electronics Company

Wedbush LOGI Logitech Michael Pachter Logitech International SA
  • Wedbush analyst Michael Pachter upgraded Logitech International SA (NASDAQ:LOGI) to Outperform from Neutral with a $90 price target, implying an upside of 18.8%.
  • Logitech must still face tough comparisons and a difficult supply chain environment before returning to a premium multiple.
  • Pachter expects shares to quickly return to their five-year historical average multiple or higher if demand remains strong. 
  • The company can show re-accelerating growth in Video Conferencing, Webcams, and Gaming after lapping the difficult post-pandemic comps and overcoming current supply chain constraints.
  • Price Action: LOGI shares traded higher by 1.84% at $76.01 on the last check Tuesday.
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
In-N-Out owner shuts down viral 'secret menu item'
An In-N-Out menu hack that recently gained traction on social media has just been debunked.
The Street
The Street
Person Loses A Friend After He Can’t Handle The Truth About Why His Dating Life Sucks
A netizen shared their experience with an anime-obsessed roommate who somehow landed a date with a Japanese woman and then creeped her out. The post Person Loses A Friend After He Can’t Handle The Truth About Why His Dating Life Sucks first appeared on Bored Panda.
Bored Panda
Bored Panda
Jennifer Garner And Seraphina Spotted Shopping In Santa Monica
Actress Jennifer Garner and her daughter spotted in Santa Monica; Garner's bond with Jennifer Lopez amid personal life updates.
Top News
Top News
Bella Thorne Criticizes Ozempic Trend for Setting "Crazy Beauty Standards"
The actress opened up about how her body has been affected.
Marie Claire
Marie Claire
Ian Gillan says Black Sabbath were more "important" than Deep Purple and Led Zeppelin: "Without them there would have been no grunge or heavy metal"
Ian Gillan on the "unholy trinity" of British rock bands, Deep Purple, Led Zeppelin and Black Sabbath, and why the Brummie Rock Gods were the "most important" of them all
Metal Hammer
Metal Hammer
LG wants you to know its OLED TVs aren’t keeping you awake like LCD blue light does – and did a study to prove it
LG Display has produced a study that says LG panels are less likely to keep you up at night.
TechRadar
TechRadar
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play