Loop Capital lowered the firm’s price target on Logitech (LOGI) to $78 from $97 and keeps a Hold rating on the shares after its Q1 results. The company experienced relatively stable demand despite the macro uncertainty, the analyst tells investors in a research note. Loop adds however that Logitech is implementing selective U.S. price increases from mid-April, with some products unchanged and others seeing double-digit hikes, with potential for further adjustments, and customer reaction to this is yet to be seen.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LOGI:
- Balanced Outlook for Logitech: Manufacturing Agility and Cost Management Amid Tariff and Market Uncertainties
- Logitech’s Earnings Call: Strong Growth Amid Challenges
- Logitech Stock (LOGI) Drops After Q1 Results Spur a Price Target Cut
- Logitech price target lowered to $100 from $110 at Wedbush
- Logitech price target lowered to $92 from $108 at Barclays