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LogMeIn (NASDAQ:LOGM) target price raised to $114.00, issued a report today by Needham

Yesterday LogMeIn (NASDAQ:LOGM) traded 0.00% even at $89.55. The company’s 50-day moving average is $89.49 and its 200-day moving average is $69.89. The last stock close price is up 28.12% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 0 shares of the stock were exchanged, down from an average trading volume of 380,540

LogMeIn (NASDAQ:LOGM) had its target price raised to $114.00 by Needham in a report released 10/14/2016. The new target price indicates a possible upside of 0.27% based on the company's last stock close price.

Previously on 10/05/2016, Zacks Investment Research reported about LogMeIn (NASDAQ:LOGM) raised the target price from $0.00 to $105.00. At the time, this indicated a possible upside of 0.12%.

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LogMeIn has a 52 week low of $35.00 and a 52 week high of $95.99 with a P/E ratio of 175.93 The company’s market cap is currently $0.

In addition to Needham 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, five equity analysts rating the company a buy, two equity analysts rating the company a hold, one equity analyst rating the company a underperform, and lastly zero equity analysts rating the company a sell.

More 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,, 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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