LogMeIn (LOGM) Stock Rating Upgraded by BidaskClub
LogMeIn (NASDAQ:LOGM) was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a note issued to investors on Saturday.
LOGM has been the subject of a number of other research reports. Needham & Company LLC cut their price objective on shares of LogMeIn from $135.00 to $130.00 and set a “buy” rating for the company in a research note on Wednesday, December 20th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $170.00 price objective on shares of LogMeIn in a research note on Tuesday, October 24th. Oppenheimer reaffirmed a “hold” rating on shares of LogMeIn in a research note on Wednesday, December 20th. Cowen reaffirmed a “buy” rating and issued a $145.00 price objective on shares of LogMeIn in a research note on Sunday, October 29th. Finally, Zacks Investment Research raised shares of LogMeIn from a “hold” rating to a “buy” rating and set a $135.00 price objective for the company in a research note on Wednesday, November 1st. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $136.52.
Shares of LogMeIn (NASDAQ:LOGM) opened at $122.50 on Friday. LogMeIn has a 12 month low of $90.35 and a 12 month high of $129.51. The stock has a market cap of $6,450.00, a price-to-earnings ratio of 1,113.64, a PEG ratio of 1.75 and a beta of 1.36.
LogMeIn Company Profile
LogMeIn, Inc provides a portfolio of cloud-based service offerings, which helps people and businesses to connect to their workplace, colleagues and customers. The Company’s core cloud-based services are categorized into four business lines: Communications and Collaboration; Engagement and Support; Identity and Access, and Additional Service Offerings.
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