3 Insights From Logitech's (LOGI) Analyst Day - DA Davidson

DA Davidson analyst, Tom Forte, reiterated his Buy rating on shares of Logitech International (NASDAQ: LOGI) after attending the company's analyst day.

1) The company focus is on three secular shifts: 1) esports, 2) video collaboration,
and 3) the democratization of content creation.

2) Logitech's FY20 gaming revenue guidance for 15%-20% was below the FY19 estimate of 34.2% but is a reflection of tough comps from Fortnite's break-out success and there could be upside.

3) The long-term operating margin outlook was raised to 11%-14% from 10%-12%.
on MSD-HSD sales growth and operating income of $375M-$385M.

No change to the price target of $58.

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 $38.42 yesterday.

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