Analysts have raised their price target for Logitech International from $88.83 to $91.00, citing improved growth and profit margin forecasts as key drivers for the upward revision.
What's in the News
- Launched the MX Master 4 mouse, which features haptic feedback, advanced software customization, improved connectivity, and design upgrades to support sustainability and business use (Key Developments).
- Introduced Signature Slim Solar+ K980 wireless keyboards, powered by sunlight or artificial light, with long-lasting rechargeable batteries and IT-friendly remote monitoring features (Key Developments).
- Released new Zone Wireless 2 ES and Zone Wired 2 headsets, offering AI-powered noise-canceling, all-day comfort, and significant use of recycled materials (Key Developments).
- Increased annual dividend to CHF 1.26 per share, which is approximately CHF 0.10 higher than the previous year (Key Developments).
- Continued the share buyback program and completed the repurchase of 12,660,066 shares for $990.16 million since June 2023 (Key Developments).
Valuation Changes
- Fair Value: Increased from CHF 88.83 to CHF 91.00, reflecting a slightly higher intrinsic valuation.
- Discount Rate: Decreased marginally from 4.97% to 4.94%. This indicates a slight reduction in perceived risk.
- Revenue Growth: Projected to rise slightly, moving from 4.71% to 4.72%. This suggests a minor improvement in topline expectations.
- Net Profit Margin: Increased from 13.70% to 13.83%. This indicates a modest gain in profitability forecasts.
- Future P/E: Risen considerably from 19.1x to 24.1x. This points to higher market valuation multiples for expected earnings.
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