Logitech to Sustain Growth Driven by Strong Demand for Gaming Products, Wedbush Says

MT Newswires Live
04/24

Logitech International (LOGI) is likely to post continued growth despite a challenging supply chain environment due to tariffs as demand for gaming products remains strong and any price increases would have a limited impact, Wedbush said in a note Thursday.

The company has been "nimble" with tariffs in the past and has been able to charge higher prices with limited pushback from its customers, analysts led by Alicia Reese wrote in the note.

Although Logitech withdrew its recently issued 2026 guidance due to market uncertainty caused by the tariffs, Wedbush said it remained optimistic that the company will be able to minimize the impact of tariffs as it can adjust its supply chain for directed end markets, has "significant" organic growth path ahead, keep its workers focused on achieving organic growth, and can increase its stock buyback plan and lift its dividend.

Wedbush maintained its outperform rating on the stock and lowered its price target to $110 from $125.

Shares of the company rose 1.9% in recent Thursday trading.

Price: 76.34, Change: +1.39, Percent Change: +1.85

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