Barclays analyst George Wang raised the firm’s price target on Logitech (LOGI) to $108 from $103 and keeps an Overweight rating on the shares. The company delivered a solid quarter, with healthy demand growth, led by Gaming, and margins above the long-term model, the analyst tells investors in a research note. The firm thinks Logitech’s updated Q4 guidance is conservative, with likely strong upside to margins.
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- Logitech raises FY25 revenue view to $4.54B-$4.57B from $4.39B-$4.47B
- Logitech up 3% at $96 after Q3 earnings beat, guidance raise
- Logitech reports Q3 EPS $1.59, consensus $1.36
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