08:40 AM EST, 03/07/2025 (MT Newswires) -- Logitech International's ( LOGI ) organic growth vision is "sound" and will lead to continued growth amid a difficult supply chain backdrop, Wedbush Securities said in a note Friday.

The brokerage noted that at the company's recent analyst and investor day, Logitech's ( LOGI ) management said it will keep its workers focused on going after that organic growth without large M&A.

Wedbush said Logitech ( LOGI ) expects to see gaming tailwinds and expand its addressable market into new end markets.

"We believe Logitech ( LOGI ) will utilize part of its $1.5 billion of cash to secure various small tuck-in plays within gaming and video collaboration to accelerate growth in those categories, particularly as [artificial intelligence] alters the landscape," the firm said.

Wedbush raised Logitech's ( LOGI ) rating to outperform from neutral and price target to $125 from $100.