Analysts Offer Insights on Technology Companies: Methode Electronics (MEI) and Logitech (LOGI)
Analysts have been eager to weigh in on the Technology sector with new ratings on Methode Electronics (MEI – Research Report) and Logitech (LOGI – Research Report).
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Methode Electronics (MEI)
In a report released yesterday, Gary Prestopino from Barrington maintained a Hold rating on Methode Electronics. The company’s shares closed last Friday at $6.66, close to its 52-week low of $5.84.
According to TipRanks.com, Prestopino is ranked #1989 out of 12128 analysts.
Currently, the analyst consensus on Methode Electronics is a Moderate Buy with an average price target of $9.25, implying a 32.5% upside from current levels. In a report released yesterday, TipRanks – xAI also reiterated a Hold rating on the stock with a $7.50 price target.
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Logitech (LOGI)
In a report issued on March 5, Torsten Sauter from Kepler Capital maintained a Buy rating on Logitech, with a price target of CHF95.00. The company’s shares closed last Friday at $92.18.
According to TipRanks.com, Sauter is ranked #2014 out of 12128 analysts.
Currently, the analyst consensus on Logitech is a Moderate Buy with an average price target of $113.63, implying a 28.8% upside from current levels. In a report issued on February 23, UBS also maintained a Buy rating on the stock with a CHF88.00 price target.
