Brokerage Firm Rating Update on LogMein (LOGM)

LogMein (LOGM) : The consensus on LogMein (LOGM) based on 8 analyst recommendation on the company stock is 2.38, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 3 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

LogMein (LOGM) : Currently there are 6 street experts covering LogMein (LOGM) stock. The most bullish and bearish price target for the stock is $100 and $70 respectively for the short term. The average price target of all the analysts comes to $86.17. The estimated standard deviation from the target is $11.22.


For the current week, the company shares have a recommendation consensus of Buy. Also, Pacific Crest downgrades its rating on LogMein (NASDAQ:LOGM). Analysts at the Pacific Crest have a current rating of Sector Weight on the shares. The shares were previously rated Overweight. The rating by the firm was issued on July 27, 2016.

LogMein (NASDAQ:LOGM): stock was range-bound between the intraday low of $89.76 and the intraday high of $90.95 after having opened at $90.9 on Wednesdays session. The stock finally closed in the red at $90.9, a loss of -0.20%. The stock remained in the red for the whole trading day. The total traded volume was 342,056 shares. The stock failed to cross $90.95 in Wednesdays trading. The stocks closing price on Thursday was $90.52.

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., pro and 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.

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