Logitech International (LOGI) is seen mitigating tariffs by shifting its supply chain for directed end markets, Wedbush Securities said in a note Wednesday.
The firm noted that 40% of current global US production comes from China, but the company will cut it to about 10% by yearend.
Wedbush said the company has handled the tariff moves "with a steady hand, shifting as needed throughout its nimble supply chain."
"Logitech has significant organic growth runway ahead with gaming tailwinds and by expanding its addressable market into new end markets," the firm added.
Wedbush maintained Logitech's outperform rating and $100 price target.
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