Logitech price target lowered to $110 from $125 at Wedbush

Wedbush analyst Alicia Reese lowered the firm’s price target on Logitech (LOGI) to $110 from $125 and keeps an Outperform rating on the shares. While the firm expects the new tariffs to impact Logitech, Wedbush thinks some mitigating factors are worth considering. Logitech has been nimble in the past with tariffs, and can pass through higher pricing to consumers with limited pushback. However, the uncertainty about the geographical breadth and depth of tariffs as of July forced the company to withdraw its recently provided FY26 guidance, the firm notes. While Wedbush thinks it is prudent to take a small step back on valuation as one awaits the gross margin impact to FY26 guidance, it remains comfortable with its Outperform rating.