Logitech International SA (USA) is an “organically transforming company” with a “premium brand cache at an attractive valuation,” Brean Capital’s Ananda Baruah said in a report. He initiated coverage of the company with a Buy rating and a price target of $30.
Analyst Baruah believes Logitech’s valuation is attractive based on:
- Street estimates seem to be materially low for the next four-to-eight quarters
- The price target represents 30 percent upside
- The company could potentially generate double-digit revenue growth and 15-20 percent EPS growth