In a report released today, Tom Forte from D.A. Davidson maintained a Buy rating on Logitech (NASDAQ: LOGI), with a price target of $58. The company’s shares closed yesterday at $48.72, close to its 52-week high of $49.96.
According to TipRanks.com, Forte is a 5-star analyst with an average return of 13.8% and a 57.9% success rate. Forte covers the Services sector, focusing on stocks such as Overstockcom, Groupon Inc, and Etsy Inc.
Currently, the analyst consensus on Logitech is a Moderate Buy with an average price target of $54.
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The company has a one-year high of $49.96 and a one-year low of $32.66. Currently, Logitech has an average volume of 240.9K.
Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is negative on the stock.
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Logitech International SA is a holding company, which engages in designing, manufacturing and marketing products that help connect people to digital and cloud experiences. It offers headsets, speakers, mice, keyboards, and webcams.
