An improving environment for peripherals has created a buying opportunity in Logitech , according to Citi. The bank upgraded the computer peripherals maker to buy from neutral, saying the return-to-office trend and strong gaming demand will be supportive of videoconferencing equipment, keyboards, mouses and other equipment from the company. “We’re upgrading LOGI to Buy from Neutral with a TP of $130 (ETR of ~25%),” read a Wednesday note from the firm. “Peripheral demand should benefit given positive PC datapoints with checks suggesting constructive Videoconferencing equipment demand amidst return to office, and strong gaming peripherals demand.” Logitech shares have already surged 27% this year. Yet, the stock is down more than 4% this quarter, and is a consensus hold on the Street after that run-up, according to CNBC’s analyst consensus tool. Citi’s $130 price target implies more than 23% upside for the stock. It’s up more than 1% in premarket trading. LOGI 1D mountain Logitech, over one day “The company has consistently delivered gross margins above market expectations, with margins often sitting above 40%,” read the note. “The persistent beat on margins signals to us meaningful pricing power, product leverage, and the ability to mitigate tariff/macro related implications to their supply-chain meaningfully.” “This track record gives us confidence that as Logitech scales, it should be able to sustain or even modestly expand its margin profile, providing upside to projected operating income and FCF as revenue builds,” it continued. ( Learn the best 2026 strategies from inside the NYSE with Josh Brown and others at CNBC PRO Live. Tickets and info here . )
