Logitech (LOGI) Receives a Buy from Wedbush


In a report released today, Michael Pachter from Wedbush reiterated a Buy rating on Logitech (LOGI), with a price target of $46.00. The company’s shares closed last Monday at $40.00.

According to TipRanks.com, Pachter is a 4-star analyst with an average return of 2.4% and a 54.5% success rate. Pachter covers the Services sector, focusing on stocks such as Cinemark Holdings Inc, National Cinemedia, and AMC Entertainment.

Logitech has an analyst consensus of Moderate Buy, with a price target consensus of $46.67, a 15.5% upside from current levels. In a report issued on October 15, D.A. Davidson also maintained a Buy rating on the stock with a $58.00 price target.

See today’s analyst top recommended stocks >>

Logitech’s market cap is currently $6.78B and has a P/E ratio of 25.08. The company has a Price to Book ratio of 5.56.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts