European shares sag; SAP boosts tech stocks, Germany's DAX By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 22 2024
0mins
Source: Investing.com
European Stock Market Trends: European stocks experienced a slight decline due to uncertainties regarding geopolitical issues and global interest rate cuts, despite a boost from SAP's strong outlook which positively impacted tech stocks in Germany.
Sector Performance Highlights: While the tech sector saw gains from companies like SAP and Randstad, the real estate sector suffered losses, with notable declines from Wallenstam and Eurofins, reflecting mixed earnings reports across various industries.
Analyst Views on LOGI
Wall Street analysts forecast LOGI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for LOGI is 121.14 USD with a low forecast of 102.79 USD and a high forecast of 137.89 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
14 Analyst Rating
7 Buy
7 Hold
0 Sell
Moderate Buy
Current: 91.810
Low
102.79
Averages
121.14
High
137.89
Current: 91.810
Low
102.79
Averages
121.14
High
137.89
About LOGI
Logitech International S.A. is a Switzerland-based holding company. The Company’s purpose is to coordinate the activities of the various Swiss and foreign subsidiaries of the Logitech group. The Company focuses on designing and manufacturing products that enable people to connect and interact with digital content. Its portfolio includes Gaming, Keyboards & Combos, Pointing Devices, Video Collaboration, Webcams, Tablet Accessories, and Headsets. The Company sells its products to a broad range of international customers, in the Americas, Europe, the Middle East, Africa and Asia Pacific. This includes direct sales to retailers, e-tailers, businesses large and small and end consumers through our e-commerce platform, and indirect sales to end customers through distributors.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
