From Nasdaq: 2024-11-13 11:34:00

Logitech (LOGI) shares have dropped 13.3% in the past six months, underperforming the Computer Technology sector and S&P 500. The company faces competitive pressures from smaller devices and tough rivals like Sony, Apple, and Corsair. Despite challenges, Logitech is innovating with new products, aiming for revenue growth in fiscal 2025.

Facing global economic uncertainty, Logitech is boosting revenues with innovative product launches despite competition from other major brands. The company’s portfolio includes audio, gaming, and office accessories, targeting a wide customer base. Logitech is also expanding its offerings for Mac users, gaining certifications from industry leaders like Microsoft and Intel.

Investors should consider buying Logitech stock (LOGI) as the company shows signs of recovery with innovative products. Despite competition and economic challenges, Logitech is fairly valued and expected to see revenue and earnings growth in fiscal 2025. Analysts recommend investing in this Zacks Rank #2 (Buy) stock for potential returns.

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Read more at Nasdaq: Logitech Falls 13% in 6 Months: Should You Hold or Fold the Stock?