The Latest Breaking News from LOGI

Logitech International (LOGI) reported unimpressive third-quarter financials. However, might it be wise to buy the dip in the stock given high demand for its products globally amid the hybrid working trend? Read on to learn our view.

Over the past 3 months, 4 analysts have published their opinion on Logitech International (NASDAQ:LOGI) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

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…

Someone with a lot of money to spend has taken a bearish stance on Logitech International (NASDAQ:LOGI). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Logitech International SA (NASDAQ:LOGI) reported a third-quarter FY22 sales decline of 2% year-on-year to $1.63 billion, beating the consensus of $1.27 billion. Category sales grew 29% Y/Y in Keyboards & Combos and 8% Y/Y in Pointing Devices and Gaming. Video Collaboration was down 2% Y/Y. Margins: The non-GAAP gross margin contracted 460 bps to…