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Logitech stock hits 52-week high at 113.44 USD

Published 03/10/2025, 14:40
Logitech stock hits 52-week high at 113.44 USD
LOGI
0.28%

Logitech International SA’s stock reached a new 52-week high, climbing to 113.44 USD, marking a significant milestone for the $15.79 billion tech company. According to InvestingPro data, the stock has shown remarkable momentum with a nearly 60% surge over the past six months. Over the past year, Logitech’s stock has experienced a robust increase of 32.28%, reflecting strong investor confidence and positive market sentiment. This upward trajectory underscores the company’s resilience and adaptability in a competitive tech market, as it continues to innovate and expand its product offerings. The company maintains a "GREAT" financial health score and holds more cash than debt on its balance sheet. The latest high is a testament to Logitech’s solid financial performance and strategic initiatives, which have resonated well with shareholders and analysts alike. Based on InvestingPro’s Fair Value analysis, the stock appears to be trading near its fair value. Discover 12 more exclusive ProTips and comprehensive analysis in the Pro Research Report, available on InvestingPro.

In other recent news, Logitech International reported first-quarter fiscal 2026 earnings that exceeded analyst expectations. The company posted adjusted earnings per share of $1.26, surpassing the analyst estimate of $1.01. Additionally, revenue reached $1.15 billion, beating the consensus estimate of $1.13 billion and marking a 5% year-over-year increase. Following these results, BNP Paribas Exane upgraded Logitech’s stock rating from Neutral to Outperform, citing tariff resilience and strong financial performance. The firm also raised its price target to CHF88.00 from CHF80.00. BofA Securities adjusted its price target for Logitech to $113.00 from $100.00, maintaining a Neutral rating, influenced by improved demand trends in the gaming ecosystem. These developments reflect Logitech’s robust performance amid challenging market conditions.

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