Logitech: Wedbush raises PT to $115, maintains Outperform rating.

Logitech: Wedbush raises PT to $115, maintains Outperform rating.

Logitech International (NASDAQ: LOGI) has received a positive update from Wedbush Securities, which has increased its price target for the technology company's stock. The new target price is set at $110.00, an increase of $10.00 from the previous target of $100.00. This move reflects the analysts' optimism about Logitech's financial performance and future prospects.

The latest earnings report from Logitech indicated strong performance during the first quarter of its fiscal year 2025/2026. The company reported a non-GAAP operating profit of $201.8 million, exceeding expectations, and revenue of $1.15 billion, which also surpassed forecasts. The rebound in demand for office equipment, particularly mice, keyboards, webcams, and video conferencing solutions, has been a key driver of this growth.

Wedbush's analysts highlighted the company's strategic priorities and sustained demand, particularly strong performance in the Asia-Pacific region, as factors contributing to its recent success. For the second quarter, Logitech anticipates revenue growth of 3% to 7%, with non-GAAP operating income projected between $180 million and $200 million. However, visibility remains limited beyond the second quarter due to the increasingly uncertain global business environment.

The stock price of Logitech has shown resilience, with a 5.66% climb month-to-date, despite a 2.11% decline over the past week. The company has also announced share repurchases totaling $122 million, which could be seen as a positive sign of confidence in its financial health.

Despite the positive outlook, it is important to note that Logitech's stock has received a "Hold" rating from a majority of analysts, with an average target price of $92.71. The company's stock has seen significant institutional trading activity, with hedge funds and other institutional investors owning 45.76% of the company's stock.

In conclusion, the increase in Logitech's price target by Wedbush reflects the analysts' confidence in the company's recent performance and future prospects. However, investors should consider the broader market conditions and the company's overall valuation when making investment decisions.

References:
[1] https://www.marketscreener.com/news/logitech-exceeds-targets-at-the-start-of-fiscal-year-ce7c5fded188f226
[2] https://www.marketbeat.com/instant-alerts/logitech-international-nasdaqlogi-given-new-11000-price-target-at-wedbush-2025-07-22/
[3] https://www.ainvest.com/news/logitech-2026-q1-earnings-encouraging-start-2-9-net-income-growth-2507/