Analysts Are Bullish on Top Technology Stocks: Logitech (LOGI), Adeia (ADEA)
There's a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Logitech (LOGI – Research Report) and Adeia (ADEA – Research Report) with bullish sentiments.
Confident Investing Starts Here:
Logitech (LOGI)
Kepler Capital analyst Torsten Sauter maintained a Buy rating on Logitech on June 18 and set a price target of CHF88.00. The company's shares closed last Wednesday at $84.51.
According to TipRanks.com, Sauter is ranked #2194 out of 9636 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Logitech with a $88.29 average price target.
Adeia (ADEA)
In a report released today, Scott Searle from Roth MKM initiated coverage with a Buy rating on Adeia and a price target of $26.00. The company's shares closed last Wednesday at $13.06.
According to TipRanks.com, Searle is a 5-star analyst with an average return of 12.4% and a 48.7% success rate. Searle covers the Technology sector, focusing on stocks such as Sequans Communications S A, Digi International, and Universal Display.
Adeia has an analyst consensus of Strong Buy, with a price target consensus of $17.33.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
14 hours ago
- Yahoo
Are Business Services Stocks Lagging ADEIA INC (ADEA) This Year?
For those looking to find strong Business Services stocks, it is prudent to search for companies in the group that are outperforming their peers. Adeia (ADEA) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Business Services sector should help us answer this question. Adeia is one of 271 companies in the Business Services group. The Business Services group currently sits at #3 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Adeia is currently sporting a Zacks Rank of #2 (Buy). Over the past three months, the Zacks Consensus Estimate for ADEA's full-year earnings has moved 1.5% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend. Based on the most recent data, ADEA has returned 1.9% so far this year. Meanwhile, the Business Services sector has returned an average of 1.3% on a year-to-date basis. This shows that Adeia is outperforming its peers so far this year. One other Business Services stock that has outperformed the sector so far this year is Arbe Robotics Ltd. (ARBE). The stock is up 3.8% year-to-date. For Arbe Robotics Ltd., the consensus EPS estimate for the current year has increased 5.6% over the past three months. The stock currently has a Zacks Rank #2 (Buy). Looking more specifically, Adeia belongs to the Technology Services industry, a group that includes 130 individual stocks and currently sits at #39 in the Zacks Industry Rank. This group has gained an average of 5.8% so far this year, so ADEA is slightly underperforming its industry in this area. Arbe Robotics Ltd. is also part of the same industry. Going forward, investors interested in Business Services stocks should continue to pay close attention to Adeia and Arbe Robotics Ltd. as they could maintain their solid performance. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Adeia Inc. (ADEA) : Free Stock Analysis Report Arbe Robotics Ltd. (ARBE) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Verge
17 hours ago
- The Verge
Logitech says all its webcams work with Nintendo Switch 2, save one
If you're looking for a webcam that works with the Nintendo Switch 2's new GameChat mode that lets you video chat with friends and see their faces within games, it looks like the biggest brand in PC accessories is still your best bet. Logitech is the first webcam maker to confirm to The Verge that the vast majority of its cameras work — all of them, in fact, save for the high-end Logitech Brio 4K. 'All of our webcams except Brio 4K work out of the box with Switch 2,' Logitech spokesperson Leila Lewis definitively tells The Verge. When the Nintendo Switch 2 launched three weeks ago, webcam manufacturers had no idea which cameras would be compatible with the new Switch, and some of the best-reviewed cameras simply didn't work. It was a weird mystery, a wild west, and webcam makers had to figure it out on their own. Many didn't even have a Switch 2 to test with, my sources tell me, and had to compete with consumers to buy the fastest-selling game console of all time. Nor did Nintendo provide compatibility guidelines, it seems, as manufacturers like Elgato and Ugreen had to reverse-engineer why their seemingly compatible cameras weren't showing up when they plugged them in. But that mystery now seems to be solved — the answers are not what we expected! — and manufacturers are now seemingly free to update any of their firmware-updatable webcams and make them compatible with the new Switch. Logitech doesn't seem to be promising an update for the Brio 4K. 'Brio 4K is built with the security features of Windows Hello that are not supported on the Switch 2 anyway,' Lewis tells The Verge. But again, all its other webcams reportedly work — which won't be all that surprising to anyone who's been following the webcam saga. When Nintendo and webcam makers weren't originally able to provide lists of working webcams, Redditors crowdsourced their own list, which includes far more working webcams from Logitech than any other manufacturer. A few Redditors say you can even get the Brio 4K working if you want, with a firmware downgrade. Do that at your own risk, though. So far, Elgato and Ugreen have committed to upgrading specific cameras to work with the Nintendo Switch 2. Obsbot has generically confirmed it will do some sort of firmware updates, and Insta360 is still looking into it. Anker is non-committal.
The Verge
17 hours ago
- The Verge
Logitech says all its webcams work with Nintendo Switch 2 — save one
If you're looking for a webcam that works with the Nintendo Switch 2's new GameChat mode that lets you video chat with friends and see their faces within games, it looks like the biggest brand in PC accessories is still your best bet. Logitech is the first webcam maker to confirm to The Verge that the vast majority of its cameras work — all of them, in fact, save for the high-end Logitech Brio 4K. 'All of our webcams except Brio 4K work out of the box with Switch 2,' Logitech spokesperson Leila Lewis definitively tells The Verge. When the Nintendo Switch 2 launched three weeks ago, webcam manufacturers had no idea which cameras would be compatible with the new Switch, and some of the best-reviewed cameras simply didn't work. It was a weird mystery, a wild west, and webcam makers had to figure it out on their own. Many didn't even have a Switch 2 to test with, my sources tell me, and had to compete with consumers to buy the fastest-selling game console of all time. Nor did Nintendo provide compatibility guidelines, it seems, as manufacturers like Elgato and Ugreen had to reverse-engineer why their seemingly compatible cameras weren't showing up when they plugged them in. But that mystery now seems to be solved — the answers are not what we expected! — and manufacturers are now seemingly free to update any of their firmware-updatable webcams and make them compatible with the new Switch. Logitech doesn't seem to be promising an update for the Brio 4K. 'Brio 4K is built with the security features of Windows Hello that are not supported on the Switch 2 anyway,' Lewis tells The Verge. But again, all its other webcams reportedly work — which won't be all that surprising to anyone who's been following the webcam saga. When Nintendo and webcam makers weren't originally able to provide lists of working webcams, Redditors crowdsourced their own list, which includes far more working webcams from Logitech than any other manufacturer. A few Redditors say you can even get the Brio 4K working if you want, with a firmware downgrade. Do that at your own risk, though. So far, Elgato and Ugreen have committed to upgrading specific cameras to work with the Nintendo Switch 2. Obsbot has generically confirmed it will do some sort of firmware updates, and Insta360 is still looking into it. Anker is non-committal.
