Loop Capital analyst Ananda Baruah lowered the firm’s price target on Logitech (LOGI) to $81 from $88 and keeps a Hold rating on the shares. Shares sold off last week after higher OpEx dollars for the September quarter, talk of increased R&D investment into calendar 2025, and lower gross margin guidance for the December quarter, but Loop says Logitech could very well be at the bottom regarding trough EPS run-rate of “$4.50-ish,” the analyst tells investors in a research note. The focus remains on Console & Mobile, Active Play, and B2B expansion, as well as normalizing share across various geographies, the firm adds.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LOGI:
- Logitech price target lowered to $103 from $105 at Barclays
- Logitech (NASDAQ:LOGI) is Bullish on Year-End Consumer Spending
- GE Aerospace, GM report quarterly earnings beats: Morning Buzz
- Logitech raises FY25 revenue view to $4.39B-$4.47B from $4.34B-$4.43B
- Logitech reports Q2 EPS $1.20, consensus $1.11
Questions or Comments about the article? Write to editor@tipranks.com