27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
- Goldman Sachs analyst Alexander Duval upgraded Logitech International SA (NASDAQ:LOGI) to Buy from Neutral with a price target of CHF 107, up from CHF 88.
- The price target represents more than a 50% upside.
- The company's recent solid execution with an outlook for growth in the coming fiscal year creates an attractive valuation at current share levels.
- The analyst forecasts re-accelerating sales expansion in FY23 onwards, reflecting his view of solid secular trends in gaming and video-conferencing.
- BofA Securities saw Logitech generate a CAGR of 8% in revenues and 10% in EBITDA between FY22 and FY26, thanks to its strong track record and exposure to the "secular megatrend (social media, gaming, video calling, etc.)" and a path towards "higher ASP products."
- Logitech reported a Q3 FY22 sales decline of 2% year-on-year to $1.63 billion, beating the consensus of $1.27 billion. Non-GAAP EPS of $1.55 beat the consensus of $1.10.
- Logitech also raised its FY22 outlook.
- Price Action: LOGI shares traded higher by 4.28% at $74.50 in the premarket session on the last check Monday.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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