Why Logitech's Stock Is Trading Higher Today

Logitech International LOGI shares are trading higher on Wednesday after Citigroup maintained a Buy rating on the stock and raised its price target from $73 to $81 per share.

Logitech International is a Switzerland-based provider of personal computer and mobile accessories for navigation, video communication and collaboration, smart home, and other applications. Its product portfolio includes mice, keyboards, charging stands, tablet cases, car mounts for mobile devices, remotes, home cameras, home switches, controllers, bluetooth speakers, surround sound, webcams, and conference cameras.

The firm generates revenue in the Americas, Europe, the Middle East, Africa, and Asia-Pacific regions.

Logitech shares were trading up 3.75% at $73.05 on Wednesday at the time of publication. The stock has a 52-week high of $73.85 and a 52-week low of $31.37.