11:28 AM EDT, 04/23/2024 (MT Newswires) -- Logitech International's ( LOGI ) growth is expected but investors will have to wait for the growth to materialize, Wedbush said in a note Tuesday.

Performance in the first three quarters of fiscal 2024 hinted a turning point and the full year "guidance balances a worst-case scenario throughout its segments and global logistics with a more plausible and decent year-end," according to the note.

Logitech ( LOGI ) will benefit from an improved inventory position, stabilizing regional trends, rebound in global gaming and an over-extended personal computer peripheral refresh cycle, the firm added.

Wedbush said the company is seeing an increase in free cash flow but revenue has not yet returned to growth with several segments of the company expected to resume top-line growth soon.

The firm said deal activity will begin well into fiscal 2025 after its new Chief Executive Hanneke Faber and next chief financial officer settle.

Logitech's ( LOGI ) fiscal Q4 earnings are slated for Monday.

Wedbush reiterated its neutral rating on the company's stock and kept the price target at $92.

Price: 78.51, Change: +0.28, Percent Change: +0.36