Barclays Forecasts Strong Price Appreciation for Logitech International (NASDAQ:LOGI) Stock

Logitech International (NASDAQ:LOGI) had its target price boosted by investment analysts at Barclays from $107.00 to $134.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the technology company’s stock. Barclays‘s target price indicates a potential upside of 11.03% from the company’s current price.

A number of other equities analysts have also weighed in on LOGI. BNP Paribas Exane raised Logitech International from a “neutral” rating to an “outperform” rating and set a $109.00 target price on the stock in a research report on Tuesday, August 5th. JPMorgan Chase & Co. upped their price objective on shares of Logitech International from $80.00 to $104.00 and gave the stock a “neutral” rating in a report on Thursday, July 17th. BNP Paribas upgraded shares of Logitech International from a “hold” rating to a “strong-buy” rating and upped their price objective for the stock from $100.00 to $109.00 in a report on Tuesday, August 5th. Citigroup upgraded shares of Logitech International from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $100.00 to $130.00 in a report on Wednesday, October 15th. Finally, Wedbush upped their target price on shares of Logitech International from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Wednesday, October 22nd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $106.00.

Logitech International Trading Up 4.2%

Shares of NASDAQ LOGI opened at $120.69 on Wednesday. The firm’s 50-day moving average price is $108.96 and its 200-day moving average price is $94.97. Logitech International has a 1-year low of $64.73 and a 1-year high of $122.24.

Logitech International (NASDAQ:LOGI) last posted its quarterly earnings results on Tuesday, October 28th. The technology company reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.23. Logitech International had a return on equity of 32.01% and a net margin of 14.11%.The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the prior year, the business earned $1.20 EPS. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. Logitech International has set its Q3 2026 guidance at EPS. On average, analysts predict that Logitech International will post 4.21 earnings per share for the current fiscal year.

Insider Activity at Logitech International

In other news, insider Prakash Arunkundrum sold 5,000 shares of the stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $111.03, for a total value of $555,150.00. Following the completion of the sale, the insider owned 62,437 shares in the company, valued at $6,932,380.11. This represents a 7.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.19% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Logitech International

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Logitech International by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 6,412,308 shares of the technology company’s stock valued at $543,347,000 after buying an additional 66,175 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Logitech International by 1.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,207,416 shares of the technology company’s stock valued at $355,148,000 after acquiring an additional 59,150 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of Logitech International by 91.9% during the second quarter. Assenagon Asset Management S.A. now owns 1,701,985 shares of the technology company’s stock valued at $152,757,000 after acquiring an additional 815,280 shares during the last quarter. Deutsche Bank AG increased its position in shares of Logitech International by 13.5% during the first quarter. Deutsche Bank AG now owns 1,449,739 shares of the technology company’s stock valued at $122,372,000 after acquiring an additional 172,320 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its position in shares of Logitech International by 0.4% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,152,251 shares of the technology company’s stock valued at $96,265,000 after acquiring an additional 4,849 shares during the last quarter. Hedge funds and other institutional investors own 45.76% of the company’s stock.

About Logitech International

Logitech International SA, through its subsidiaries, designs, manufactures, and markets software-enabled hardware solutions that connect people to working, creating, gaming, and streaming worldwide. The company offers products for gamers and streamers, including mice, racing wheels, headsets, keyboards, microphones, and streaming services; corded and cordless keyboards and keyboard-and-mouse combinations; pointing devices, such as wireless mice and wireless mouse products; conference room cameras, such as ConferenceCams; controllers for video conferencing room solutions; PC-based webcams, including streaming cameras and VC webcams; tablet accessories that includes keyboards for tablets; PC and VC headsets, in-ear headphones, and premium wireless earbuds; and mobile speakers and PC speakers, as well as portable wireless Bluetooth speakers.