In a report released on January 18, George Wang CFA from Barclays assigned a Buy rating to Logitech (LOGI – Research Report), with a price target of $96.00. The company’s shares opened today at $95.10.
According to TipRanks, Wang CFA is a 4-star analyst with an average return of 18.7% and a 70.59% success rate. Wang CFA covers the Technology sector, focusing on stocks such as Jabil, Logitech, and Super Micro Computer.
In addition to Barclays, Logitech also received a Buy from J.P. Morgan’s Samik Chatterjee in a report issued on January 8. However, on January 18, Wedbush assigned a Hold rating to Logitech (NASDAQ: LOGI).
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Based on Logitech’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.06 billion and a net profit of $137.12 million. In comparison, last year the company earned a revenue of $1.15 billion and had a net profit of $82.09 million
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Logitech (LOGI) Company Description:
Logitech International SA is a holding company, which engages in design, manufacture, and marketing of peripherals for PCs, tablets and other digital platforms. It offers headsets, speakers, mice, keyboards, and webcams. The firm’s brand include Logitech, Jaybird, Ultimate Ears, Logitech G, ASTRO Gaming, and Blue Microphones. The company was founded by Daniel Borel, Pierluigi Zappacosta, and Giacamo Marini on October 2, 1981 and is headquartered in Lausanne, Switzerland.
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