Stock

Logitech stock price forecast: analysts see a 50% upside

Logitech International SA (NASDAQ: LOGI) stock is up 6.0% on Monday after the computer peripherals maker received positive views from both Goldman Sachs and Bank of America Securities.

Goldman Sachs: Logitech stock could climb to $115

Goldman Sachs’ Alexander Duval lifted his rating on LOGI this morning to “buy” with a price target of $115 a share that represents a 50% upside from here.

The analyst expects Logitech to be a key beneficiary of secular trends in video conferencing and gaming. He also cited the recently reiterated full-year guidance for his bullish outlook.

The Swiss company forecasts 2.0% to 5.0% growth in sales this year on up to $900 million of non-GAAP operating income. Duval forecasts the increase in sales to further catch up pace in fiscal 2023 and onwards.

BofA Securities: LOGI is an attractive buy at current levels

BofA Securities’ Adam Angelov also agrees with the bullish outlook. He sees Logitech International as an attractive “buy” at current levels with upside to $107 a share.

He forecasts the computer company will continue to expand its market share, particularly in video conferencing. He now forecasts revenue and EBITDA compound annual growth rate of 8.0% and 10.0% respectively for Logitech from 2022 to 2026.

A solid execution history was among other reasons why he’s positive on the stock that’s down 10% for the year.

The post Logitech stock price forecast: analysts see a 50% upside appeared first on Invezz.

Disclaimer: MonopolyWinnersUpdates.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 MonopolyWinnersUpdates.com. All Rights Reserved.

To Top