Barclays analyst Raimo Lenschow maintained a Buy rating on LogMeIn (NASDAQ: LOGM) today and set a price target of $112. The company’s shares closed yesterday at $82.90, close to its 52-week low of $77.05.
According to TipRanks.com, Lenschow is a top 100 analyst with an average return of 19.3% and a 74.2% success rate. Lenschow covers the Technology sector, focusing on stocks such as Ceridian HCM Holding Inc, Cornerstone Ondemand, and Coupa Software Inc.
Currently, the analyst consensus on LogMeIn is a Moderate Buy with an average price target of $105.
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The company has a one-year high of $134.80 and a one-year low of $77.05. Currently, LogMeIn has an average volume of 866.1K.
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LogMeIn, Inc. engages in the development and market of remote access, remote support and collaboration solutions that provide instant, secure connections between internet enabled devices. It operates through the following geographical segments: United States; United Kingdom; and International and All Other.
