Wedbush analyst Michael Pachter reiterated a Hold rating on Logitech (NASDAQ:LOGI) on Tuesday, setting a price target of $110, which is approximately 9.01% above the present share price of $100.91.
Pachter expects Logitech to post earnings per share (EPS) of $1.58 for the first quarter of 2021.
The current consensus among 12 TipRanks analysts is for a Strong Buy rating of shares in Logitech, with an average price target of $103.75.
The analysts price targets range from a high of $116 to a low of $64.01.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $1.26 billion and a net profit of $321.55 million. The company's market cap is $17.07 billion.
According to TipRanks.com, Wedbush analyst Michael Pachter is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 7.3% and a 62.42% success rate.
Logitech International SA is a holding company, which engages in design, manufacture, and marketing of peripherals for PCs, tablets and other digital platforms. It offers headsets, speakers, mice, keyboards, and webcams. The firm's brand include Logitech, Jaybird, Ultimate Ears, Logitech G, ASTRO Gaming, and Blue Microphones. The company was founded by Daniel Borel, Pierluigi Zappacosta, and Giacamo Marini on October 2, 1981 and is headquartered in Lausanne, Switzerland.