Investors' Take on Tech Giants: Itron and Logitech
Wed Oct 09 2024
Tech companies are in the spotlight today, as experts share their views on Itron and Logitech. Starting with Itron, their stock price is soaring, recently closing at $105. 77, just shy of its highest point this year at $113. 07. One analyst, Osborne, has a great track record, with an average return of 4. 8% and a success rate of 45. 1%. He focuses on the industrial goods sector and has his eye on stocks like Li-Cycle Holdings, Generac Holdings, and Fuelcell Energy.
When it comes to Itron, analysts are quite optimistic. They've given the company a Strong Buy rating, predicting the stock could hit $123. 82—that's an 18% increase from its current price. In fact, another analyst from Janney Montgomery recently started covering Itron, giving it a Buy rating with a price target of $131. 00.
Now, let’s talk about Logitech. An analyst from Kepler Capital, Torsten Sauter, has a Hold rating on the company, predicting a price of CHF83. 00. Logitech’s stock closed last Tuesday at $85. 72. Sauter isn’t the only one with this view; many analysts agree, giving Logitech a Hold rating with an average price target of $95. 38.
https://localnews.ai/article/investors-take-on-tech-giants-itron-and-logitech-9f2ab194
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questions
What factors could impact Itron's stock price to not reach the predicted $123.82?
What specific data points did Sauter use to set the price target of CHF83.00 for Logitech?
How might current market trends affect Logitech's position in the tech sector?
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