In a recent update, Loop Capital has revised its price target for Logitech International (LOGI, Financial), lowering it from $97.00 to $78.00. This new target reflects a decrease of 19.59% from the previous estimation.
The analyst responsible for this change, Ananda Baruah, maintains a 'Hold' rating on the stock. This indicates that Loop Capital sees Logitech International as being fairly valued at its current market price and suggests investors maintain their current positions, neither aggressively buying nor selling shares.
The adjusted price target and maintained rating come amidst fluctuating market conditions and reflect the firm's updated projections and strategic outlook for LOGI. Investors in Logitech International should take note of this updated guidance from Loop Capital as they make informed decisions about their portfolios.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 7 analysts, the average target price for Logitech International SA (LOGI, Financial) is $87.84 with a high estimate of $113.00 and a low estimate of $74.00. The average target implies an upside of 12.54% from the current price of $78.05. More detailed estimate data can be found on the Logitech International SA (LOGI) Forecast page.
Based on the consensus recommendation from 8 brokerage firms, Logitech International SA's (LOGI, Financial) average brokerage recommendation is currently 2.8, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Logitech International SA (LOGI, Financial) in one year is $80.17, suggesting a upside of 2.72% from the current price of $78.05. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Logitech International SA (LOGI) Summary page.
