Logitech Weathered 'Difficult' Pandemic Comps: Wedbush
Logitech managed through to the end of its “difficult pandemic comparisons,” but it faces “mounting currency headwinds” with its exposure to Europe and Asia, Wedbush analyst Michael Pachter wrote investors Monday, before the company’s Q1 FY ’23 earnings report. The…
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June quarter is the end of tough COVID-19 pandemic-fueled comparisons, Pachter said, saying Logitech maintained or expanded “heightened pandemic revenue streams” in some categories. Wedbush believes Logitech is well-positioned to capture a “sizeable share of burgeoning growth” in future PC peripherals and video conferencing driven by hybrid work, plus continued growth in global gaming. Pachter expects an expanded user base to join Logitech’s upgrade cycle in coming years. Logitech reports Q1 earnings Monday after markets close.