Here's Why Logitech (LOGI) is a Strong Growth Stock

Zacks
11 Nov 2024

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.

While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.

Why This 1 Growth Stock Should Be On Your Watchlist

Growth investors build their portfolios around companies that are financially strong and have a bright future, and the Growth Style Score helps take projected and historical earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.

Logitech (LOGI)

Based in Switzerland, Logitech International S.A. is the parent holding company of Logitech. The company is a global leader in peripherals for personal computers and other digital platforms. It develops and markets innovative products in PC navigation, Internet communications, digital music, home-entertainment control, video security, interactive gaming and wireless devices.

LOGI sits at a Zacks Rank #2 (Buy), holds a Growth Style Score of B, and has a VGM Score of A. Earnings and sales are forecasted to increase 7.8% and 3.1% year-over-year, respectively.

Four analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.15 to $4.58 per share for 2025. LOGI boasts an average earnings surprise of 32.5%.

Looking at cash flow, Logitech is expected to report cash flow growth of 25% this year; LOGI has generated cash flow growth of 14.1% over the past three to five years.

With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, LOGI should be on investors' short lists.

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Logitech International S.A. (LOGI) : Free Stock Analysis Report

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