Logitech (LOGI) Becomes Official PC Peripherals Partner For Call of Duty: Modern Warfare 4

Logitech International S.A. (NASDAQ:LOGI) is one of the 10 oversold NASDAQ stocks to invest in right now.

On June 30, Logitech G announced its new engagement with Call of Duty: Modern Warfare 4, as the Official Partner for all PC Peripherals. The company’s ASTRO Series had also been announced as the Official Headset Partner for the game.

Copyright: artush / 123RF Stock Photo

As the Official Provider for all PC Peripherals, Logitech G will be offering headsets, keyboards, mice, and all other equipment that can assist players in improving their performance levels during routine sessions and competitive events.

Logitech G’s Partnerships Director, Andrew Tagher, highlighted that this partnership has a distinct motto, which is “Play for Prestige”. The underlying purpose is to celebrate each Modern Warfare 4 player through the utilization of all proprietary technologies and equipment developed by the company.

On the same day, Logitech International S.A. (NASDAQ:LOGI) was downgraded from Neutral to Underperform by Bank of America Securities. The firm also reduced the price target from $108 to $86.

BofA noted that higher prices within consumer electronics, including tablets, PCs, gaming systems and smartphones, are expected to soften demand for the company’s products over the next 12 to 18 months. This will lead to the company’s revenue and profits falling short of consensus estimates.

Logitech International S.A. (NASDAQ:LOGI) delivers software-driven hardware solutions. The key products include console gaming headsets, steering wheels, streaming services, and microphones. The company also offers streaming services and pointing devices such as wireless mice and speakers, corded and cordless keyboards, and webcams.

While we acknowledge the risk and potential of LOGI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than LOGI and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years.

Disclosure: None. Follow Insider Monkey on Google News.

1281292 - 11759070 - 1