Up 65% in a Year, This Pandemic Winner Could Get a Big Boost Thanks to Artificial Intelligence (AI)
The Motley Fool • 594 days
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Information
A recovery in the PC market is driving a turnaround at this computer peripherals company. A potentia...
Original sourceAI Summary
- Logitech (LOGI) saw a 150% gain in 2020-2021, but a 21% loss in the past three years due to declining PC sales. - Recent fiscal 2024 results show a 5% increase in revenue and a 7.3 percentage point gross margin improvement. - Global PC shipments are expected to rise 8% in 2024, benefiting Logitech's peripheral sales. - Logitech's AI Prompt Builder feature could drive future sales growth for keyboards and mice. - LOGI is currently trading at low multiples compared to the U.S. technology sector. Price Impact Rating: Bullish Impact Horizon Rating: Long-term Type: Research Analysis
Market-Moving
- Logitech (LOGI) saw a 150% gain in 2020-2021, but a 21% loss in the past three years due to declining PC sales.
- Recent fiscal 2024 results show a 5% increase in revenue and a 7.3 percentage point gross margin improvement.
- Global PC shipments are expected to rise 8% in 2024, benefiting Logitech's peripheral sales.
Key Facts
- Logitech (LOGI) saw a 150% gain in 2020-2021, but a 21% loss in the past three years due to declining PC sales.
- Recent fiscal 2024 results show a 5% increase in revenue and a 7.3 percentage point gross margin improvement.
- Global PC shipments are expected to rise 8% in 2024, benefiting Logitech's peripheral sales.
- Logitech's AI Prompt Builder feature could drive future sales growth for keyboards and mice.
- LOGI is currently trading at low multiples compared to the U.S. technology sector.