Logitech International (LOGI) Should See Strength In Headsets As Apex Legends Ramps - DA Davidson
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Rating Summary:
10 Buy, 8 Hold, 1 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 11
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DA Davidson analyst Tom Forte reiterated a Buy rating and $58.00 price target on Logitech International (NASDAQ: LOGI) ahead of full-year FY19 financial results on Monday, April 29th. The analyst expects gaming and video collaboration to drive the top line with double digit growth in each category. The analyst is looking for We project $615.9M and $0.22 slightly below the revenue consensus of $623.1M and in line with EPS consensus.
The analyst stated "According to Business Insider, Epic Games announced that there are more than 85M registered PC users on its platform as of March. We see upside to PC headset demand given the initial popularity of Apex Legends, another freemium game (which boasted more than 50M users in its first month), and continued strength in Fortnite".
For an analyst ratings summary and ratings history on Logitech International click here. For more ratings news on Logitech International click here.
Shares of Logitech International closed at $41.25 yesterday.
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