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Kepler Capital Keeps Their Buy Rating on Logitech (LOGI)

Tipranks - Sat Feb 7, 7:46PM CST

Kepler Capital analyst Torsten Sauter maintained a Buy rating on Logitech on February 5 and set a price target of CHF95.00. The company’s shares closed yesterday at CHF69.38.

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Sauter covers the Industrials sector, focusing on stocks such as Cicor Technologies, Komax Holding AG, and Bucher Industries AG. According to TipRanks, Sauter has an average return of 7.8% and a 55.67% success rate on recommended stocks.

Currently, the analyst consensus on Logitech is a Moderate Buy with an average price target of CHF88.53, implying a 27.60% upside from current levels. In a report released on January 30, UBS also maintained a Buy rating on the stock with a CHF88.00 price target.

Based on Logitech’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of CHF1.43 billion and a net profit of CHF253.08 million. In comparison, last year the company earned a revenue of CHF1.34 billion and had a net profit of CHF200.15 million

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