
Logitech (LOGI) Stock Forecast & Price Target
Logitech (LOGI) Analyst Ratings
Bulls say
Logitech International is demonstrating improved financial performance, highlighted by a gross margin of 39%, which reflects an increase of 50 basis points quarter-over-quarter and 80 basis points year-over-year, attributed to a strengthened inventory position ahead of the holiday season. Furthermore, the company is poised for stronger operating income for FY:24, expected to exceed previous guidance levels, which indicates resilience despite challenges in the Video Conferencing segment. Long-term growth prospects in PC peripherals and gaming, along with positive market feedback and new leadership under CEO Hanneke Faber, contribute to a favorable outlook for Logitech's stock.
Bears say
Logitech International is projected to experience a decline in revenue, with an expected drop of 14% to 19% year-over-year in the first half of FY:24, as segments that benefited during the pandemic, such as Video Collaboration and Webcams, face significant decreases in demand. The company's consensus estimates indicate persistent declines in key product lines, including an 11% drop in Keyboards and Combos and a 30% decline in Video Collaboration. Furthermore, a modeling of profit margins reveals a projected gross margin of 38% for Q3, reflecting a substantial decrease of 350 basis points quarter-over-quarter, which underscores ongoing operational challenges.
This aggregate rating is based on analysts' research of Logitech and is not a guaranteed prediction by Public.com or investment advice.
Logitech (LOGI) Analyst Forecast & Price Prediction
Start investing in Logitech (LOGI)
Order type
Buy in
Order amount
Est. shares
0 shares