LogMein (LOGM) : Zacks Investment Research ranks LogMein (LOGM) as 3, which is a Hold recommendation. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 3 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 8 research analysts is 2.38, which indicates as a Buy.
LogMein (LOGM) : The most positive equity analysts on LogMein (LOGM) expects the shares to touch $100, whereas, the least positive believes that the stock will trade at $70 in the short term. The company is covered by 6 Wall Street Brokerage Firms. The average price target for shares are $86.17 with an expected fluctuation of $11.22 from the mean.
Also, Pacific Crest downgrades its view on LogMein (NASDAQ:LOGM) according to the research report released by the firm to its investors. The shares have now been rated Sector Weight by the stock experts at the ratings house. Earlier, the shares had a rating of Overweight. The rating by the firm was issued on July 27, 2016.
LogMein (NASDAQ:LOGM): After opening at $90.66, the stock dipped to an intraday low of $90.66 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $93.62 and the buying power remained strong till the end. The stock closed at $92.22 for the day, a gain of 1.60% for the day session. The total traded volume was 588,146. The stocks close on the previous trading day was $90.77.
LogMeIn, Inc. provides a portfolio of cloud-based service offerings. The Companys services range from free downloadable mobile and Web-based collaboration apps to enterprise grade professional helpdesk solutions to a cloud-based platform for the Internet of Things, all of which are accessible with an Internet connection. The Companys services are delivered via the cloud as hosted services. The Company offers both free and fee based, or premium, services. The Companys core cloud-based services are categorized into four business lines: Collaboration, Service and Support, Connected Products and Additional Service Offerings. Its collaboration business consists of services for users to interact with and access the computers, devices, data and people that make up their digital world. join.me, join.me pro and join.me enterprise are its free and premium browser-based online meeting and screen sharing services that give users the ability to host an online meeting with other people.