The Latest Breaking News from LOGI

Despite macroeconomic challenges, the tech industry is expected to grow as a result of growing digital transformation, rising demand, and government initiatives. Given this backdrop, fundamentally sound tech stocks, Logitech International (LOGI), Iteris (ITI), and Daktronics (DAKT) might be solid buys next month. Read on.

The tech industry is experiencing robust growth fueled by increased demand for tech hardware and advancements. While this should benefit prominent tech stocks Logitech International (LOGI) and GoPro (GPRO), let us analyze which has the better gains right now.

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…

Someone with a lot of money to spend has taken a bearish stance on Logitech International (NASDAQ:LOGI). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Logitech International SA (NASDAQ:LOGI) reported a third-quarter FY22 sales decline of 2% year-on-year to $1.63 billion, beating the consensus of $1.27 billion. Category sales grew 29% Y/Y in Keyboards & Combos and 8% Y/Y in Pointing Devices and Gaming. Video Collaboration was down 2% Y/Y. Margins: The non-GAAP gross margin contracted 460 bps to…