UK Regulator Tightens Reins on Tech Titans with Strategic Market Status Designation
New Regulatory Era for Mobile Ecosystems The UK’s Competition and Markets Authority (CMA) has formally designated both Apple and Google…
Tag: Market power
Logitech Stock Upgrade: Citi Sees 23% Upside from Return-to-Office and Gaming Demand
Citi has upgraded Logitech from Neutral to Buy, forecasting 23% upside driven by return-to-office trends and robust gaming demand. The bank highlights Logitech’s consistent gross margins above 40% and pricing power as key strengths.
Citi has issued a bullish upgrade for Logitech stock, shifting its rating from Neutral to Buy with a $130 price target that implies over 23% upside potential. The upgrade, announced in a Wednesday note from Citigroup analysts, cites improving peripheral demand driven by return-to-office mandates and sustained strength in gaming. This positive outlook comes despite Logitech shares already surging 27% year-to-date, with the stock facing a 4% decline this quarter amid consensus Hold ratings on Wall Street.