Logitech International SA (LOGI) shares surged 5.27% in pre-market trading on Wednesday, fueled by the company's stellar third-quarter fiscal 2025 results and an upbeat outlook. The computer peripherals maker reported a 6.8% year-over-year increase in revenue to $1.34 billion for the quarter ended December 31, 2024, surpassing analysts' expectations of $1.24 billion. Logitech's adjusted earnings per share of $1.59 also topped forecasts, growing nearly 4% from the prior-year period.

The strong performance was driven by Logitech's gaming segment, which saw sales near pandemic highs owing to a successful lineup of new product launches ahead of the holiday season. The company's premium Pro Gaming and MX portfolios also delivered "near-record sales," reflecting robust demand for its high-end offerings. Buoyed by the impressive results, Logitech raised its full-year 2025 revenue outlook to a range of $4.54 billion to $4.57 billion, up from its previous guidance of $4.39 billion to $4.47 billion.

Analysts praised Logitech's ability to capitalize on favorable industry trends and execute its strategic priorities effectively. Barclays analyst George Wang raised the firm's price target on Logitech to $108 from $103, maintaining an Overweight rating. "Logitech delivered superior innovation, and their teams fielded effective marketing campaigns and excellent holiday retail execution to drive broad-based geographic progress," Wang noted.