Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Anusuya Lahiri

Wedbush Upgrades This Swiss-Based Consumer Electronics Company

Wedbush LOGI Logitech Michael Pachter Logitech International SA
  • 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 if demand remains strong. 
  • The company can show re-accelerating growth in Video Conferencing, Webcams, and Gaming after lapping the difficult post-pandemic comps and overcoming current supply chain constraints.
  • Price Action: LOGI shares traded higher by 1.84% at $76.01 on the last check Tuesday.
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Coachella 2025 has unveiled its full lineup with Post Malone, Green Day and Lady Gaga
Green Day, Post Malone and Lady Gaga have been announced as headliners for Coachella 2025.
BANG Premier
BANG Premier
People around world associate rolled R with a jagged line, study finds
Speakers of 28 languages linked sound and shape at least 88% of the time, in ‘strongest case of sound symbolism to date’
The Guardian - UK
The Guardian - UK
8 revelations from Cher's memoir
Cher details some of the famous people she grew up with and the desperation she felt being married to Sonny Bono
Salon
Salon
Trump's Grammatical Time Machine
The president-elect uses conditional grammar to craft self-fulfilling speculative historical fiction.
Reason
Reason
Duct-taped banana artwork sells at auction for almost £5m to crypto entrepreneur
Justin Sun purchased a certificate of authenticity that gives him the authority to duct-tape a banana to a wall and call it “Comedian.”
Evening Standard
Evening Standard
Banana Taped To A Wall Sells For $6.2 Mn In New York
A fresh banana taped to a wall -- a provocative work of conceptual art by Italian artist Maurizio Cattelan -- was bought for $6.2 million on Wednesday by a cryptocurrency entrepreneur at a New York auction, Sotheby's announced in a statement.
International Business Times
International Business Times
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play