Logitech partners with Airdrop Gaming for inclusive gaming products, expects revenue growth, undervalued.

From Nasdaq: 2024-12-04 12:16:00

Logitech’s shares have dropped 18.2% in the last six months, underperforming the market due to low demand and soft IT spending. However, the company is committed to inclusivity, partnering with Airdrop Gaming to launch products for deaf gamers. Logitech also offers adaptive gaming kits for players with disabilities, broadening its customer base.

Logitech has been launching innovative products like speakers, headsets, and gaming accessories, expanding its portfolio. The company has products for Apple, Microsoft, and Intel users, enhancing compatibility with their systems. Logitech expects sales to reach $4.39-$4.47 billion by fiscal 2025, with estimated revenue growth of 3.11% and earnings growth of 8.9%.

Despite recent challenges, Logitech remains undervalued and on a path to recovery with a Zacks Value Score of B. Investors are advised to hold onto this stock as it continues to innovate and grow. Logitech’s commitment to social inclusivity and innovative product launches make it a promising investment for the future.



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