LogMeIn PT Raised to $43.00 (LOGM)
Equities researchers at Dougherty & Co increased their price target on shares of LogMeIn (NASDAQ:LOGM) from $39.00 to $43.00 in a research report issued on Tuesday, StockRatingsNetwork.com reports. The firm currently has a “buy” rating on the stock. Dougherty & Co’s price target would suggest a potential upside of 6.23% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays raised their price target on shares of LogMeIn from $34.00 to $39.00 in a research note on Friday. They now have an “equal weight” rating on the stock. Separately, analysts at Needham & Company upgraded shares of LogMeIn from a “hold” rating to a “buy” rating in a research note on Friday. They now have a $48.00 price target on the stock. Finally, analysts at Cowen and Company downgraded shares of LogMeIn from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 22nd. They now have a $38.00 price target on the stock, up previously from $37.00. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $35.44.
Shares of LogMeIn (NASDAQ:LOGM) opened at 40.48 on Tuesday. LogMeIn has a 52-week low of $16.12 and a 52-week high of $42.74. The stock’s 50-day moving average is $33.28 and its 200-day moving average is $31.76. The company’s market cap is $979.4 million.
LogMeIn (NASDAQ:LOGM) last released its earnings data on Thursday, February 13th. The company reported $0.16 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.15 by $0.01. The company had revenue of $45.20 million for the quarter, compared to the consensus estimate of $43.99 million. During the same quarter in the prior year, the company posted $0.24 earnings per share. The company’s quarterly revenue was up 22.2% on a year-over-year basis. Analysts expect that LogMeIn will post $0.91 EPS for the current fiscal year.
LogMeIn, Inc (NASDAQ:LOGM) provides essential cloud-based collaboration, information technology (IT) management and customer service offerings aimed at addressing the evolving multi-device, security, management and accessibility requirements of the new mobile workplace.
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