- Screen protection and battery saver maker Zagg Inc (NASDAQ: ZAGG)
- Video game headset maker Turtle Beach Corp (NASDAQ: HEAR)
- Keyboard and accessory maker Logitech International SA (NASDAQ: LOGI)
DA Davidson’s Tom Forte:
- Maintains Apple at Buy, unchanged $265 price target.
- Maintains Zagg’ at Buy, unchanged $20 price target.
- Maintains Turtle Beach at Buy, unchanged $38 price target.
- Maintains Logitech at Buy, unchanged $58 price target.
Apple’s new lineup of devices include “modest” battery improvements but consumers should continue buying Zagg’s battery saving products, Forte said in a note. Apple didn’t unveil a wireless charge pad, which bodes well for Zagg’s lineup of wireless charging bases. Zagg could also expand its screen protectors against potentially damaging blue light to include laptops and tablets.
Turtle Beach, Logitech
As part of Apple’s new iPad Pro demonstration, the company showed an impressive clip of “NBA 2K.” Forta said the presentation could signal the future of video games gravitating towards all devices, including tablets. This trend bodes well for the overall e-sports business and justifies a bullish stance on companies like Turtle Beach and Logitech.
Shares of Zagg were higher by 2 percent.
Shares of Turtle Beach were higher by 4.4 percent.
Shares of Logitech were higher by 3 percent.
Photo courtesy of Turtle Beach.
© 2018 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.