07:59 AM EDT, 05/08/2026 (MT Newswires) -- Berenberg increased its price target on buy-rated Logitech International (LOGN.SW) to 115 francs from 110 francs on Friday, noting that the company's growth trajectory is on course after its fiscal fourth-quarter results.

In its fiscal fourth quarter ended March 31, the Swiss computer peripherals maker's net sales totaled $1.09 billion, up from $1.01 billion a year ago and 1% ahead of AWP consensus expectations.

Logitech also provided a first-quarter sales outlook for fiscal 2027 of between $1.19 billion and $1.22 billion, representing growth of 4% to 6% in US dollar terms. "This indicates that Logitech is enjoying a strong start to the year, with the current growth run-rate, therefore, likely to also comfortably be above the 1.7% consensus growth expectations for FY 2026/27,"Berenberg said in a note.

The research firm kept its sales and EBIT estimates for Logitech broadly unchanged, with sales for fiscal 2027 rising 6.3% to $5.15 billion and non-GAAP EBIT reaching $977 million.