Bank of America Securities analyst Adam Angelov reiterated a Buy rating on Logitech (LOGI – Research Report) today and set a price target of $61.00. The company’s shares closed yesterday at $52.70.
According to TipRanks, Angelov is an analyst with an average return of -6.7% and a 25.00% success rate.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Logitech with a $60.89 average price target, representing a 15.54% upside. In a report released today, Barclays also maintained a Buy rating on the stock with a $60.00 price target.
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LOGI market cap is currently $8.72B and has a P/E ratio of 20.19.
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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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