A statement released earlier today by Barclays about LogMeIn (NASDAQ:LOGM) bumps the target price to $105.00
- Updated: October 3, 2016
Reporting a potential upside of 0.16%, Barclays raised the target price of LogMeIn (NASDAQ:LOGM) to $105.00
On 07/15/2016, Barclays Capital released a statement about LogMeIn (NASDAQ:LOGM) upped the target price from $49.00 to $57.00 that suggested a downside of -0.10%.
Displaying a price of $90.39, LogMeIn (NASDAQ:LOGM) traded 0.16% higher on the day. With the last close up 34.20% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same time. The company has recorded a 50-day moving average of $86.72 and a 200-day moving average of $67.36. 281,991 shares of the stock were exchanged, down from an avg. volume of 374,567
With a market capitalization of $0, LogMeIn has one year low of $35.00 and a one year high of $94.42 with a P/E ratio of 177.58 .
In addition to Barclays reporting its target price, a total of 10 firms have issued a report on the stock. The consensus target price is $68.90 with 3 firms rating the stock a strong buy, 5 firms rating the stock a buy, 2 firms rating the stock a hold, 1 firm rating the stock a underperform, and finally 0 firms rating the stock a sell.
General Information About LogMeIn (NASDAQ:LOGM)
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 product line includes AppGuru, BoldChat, Cubby, join.me, LastPass, LogMeIn Pro, LogMeIn Central, LogMeIn Rescue, LogMeIn Rescue+Mobile, LogMeIn Backup, LogMeIn for iOS, LogMeIn Hamachi, MeldiumTM, Xively and RemotelyAnywhere. The Company's services are focused on markets, such as identity and access management, collaboration and the Internet of Things, and are delivered through the cloud as hosted services, commonly called software-as-a-service (SaaS). The Company offers both free and fee based, or premium, services. The Company's core cloud-based services are categorized into business lines, including Collaboration, Service and Support, Identity and Access Management, and Connected Products. It also offers annual maintenance services that include software upgrades and support services for this application.
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