Bank of America Securities analyst Didier Scemama reiterated a Sell rating on Logitech (LOGI – Research Report) today and set a price target of CHF80.00.
Didier Scemama has given his Sell rating due to a combination of factors impacting Logitech’s financial outlook. The company’s guidance for FY26 appears underwhelming, with projected revenues and non-GAAP operating income falling below consensus estimates. This is partly due to anticipated tariffs on imports from Mexico and China, which could affect profitability.
Additionally, while Logitech has introduced a new long-term financial model with optimistic sales growth targets, the macroeconomic environment and competitive pressures pose risks to achieving these goals. Despite the announcement of a $2 billion stock buyback plan, these factors contribute to the cautious outlook, leading to the reiteration of an Underperform rating and a price objective of CHF 80.
Scemama covers the Technology sector, focusing on stocks such as Logitech, STMicroelectronics, and Infineon Technologies AG. According to TipRanks, Scemama has an average return of -5.4% and a 37.33% success rate on recommended stocks.