Logitech Reports Carbon Reduction Progress in FY24 Impact Report

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Logitech International (LOGI) PT Raised to $98 at JPMorgan

July 22, 2024 6:02 AM EDT

JPMorgan analyst Samik Chatterjee raised the price target on Logitech International (NASDAQ: LOGI) to $98.00 (from $85.00) while maintaining a Neutral rating.

The analyst comments "The demand backdrop for Logitech, beyond channel fill to shore up inventory, remains muted and we expect the driver of upsides to continue to stem from margins rather than revenue. Although, Logitech has outlined its willingness to more aggressively position for share gains in under-penetrated geographies like China through promotions, we expect the balance between revenue... More