Dell, Logitech, Sonos Nab Fresh Buy Ratings From Wall Street
Summary
He expects the stock to "drift higher" as the company continues to take market share and improves its profit margins and earnings growth. Logitech stock is attractively valued and will benefit from growth in the gaming and video collaboration markets, Goldman Sachs said in a report. "We believe the business can deliver a 9% revenue CAGR (compound annual growth rate) in fiscal 2019-24, making it one of the fastest-growth hardware companies within our coverage," the firms note to clients said. "We continue to see structural drivers of growth, driven by the Gaming and Video Collaboration segments, with a diversified portfolio approach allowing for solid quarterly execution. The lockup period on Sonos stock expires tomorrow, but Morgan Stanley sees limited downside despite the potential volatility.
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