Logitech (LOGI) Gets a Buy from Bank of America Securities

Bank of America Securities analyst Adam Angelov maintained a Buy rating on Logitech (LOGI – Research Report) today and set a price target of $71.00. The company’s shares closed yesterday at $63.77.

According to TipRanks, Angelov is ranked #4268 out of 8334 analysts.

In addition to Bank of America Securities, Logitech also received a Buy from Barclays’s Tim Long in a report issued on May 3. However, on May 8, Loop Capital Markets maintained a Hold rating on Logitech (NASDAQ: LOGI).

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Based on Logitech’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.27 billion and a net profit of $140.07 million. In comparison, last year the company earned a revenue of $1.63 billion and had a net profit of $210.06 million

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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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Written by Cam Smash


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