(CercleFinance.com) – Wedbush Securities reiterated its “outperform” opinion on Logitech on Friday, with a price target of 83 dollars, deeming the title of the manufacturer of computer accessories currently undervalued.
According to the calculations of the American broker, the specialist in consumer electronics still has a year of potential growth in video collaboration equipment, under the effect of the expenditure today granted by companies in the field of return to the office of their employees.
Given the company’s comfortable cash position, and its history in this area, Wedbush thinks the Swiss-American group could also be looking for an acquisition in order to accelerate its growth in this high-margin market.
“We expect the stock to rebound from current levels as Logitech beats earnings guidance in the coming quarters,” he said.
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