Robert W. Baird Keeps Their Buy Rating on LogMeIn


According to The Fly, robert W. Baird analyst William Power reiterated a Buy rating on LogMeIn (NASDAQ: LOGM) on April 27 and set a price target of $145. The company’s shares closed on Friday at $114.70.

Power wrote:

“LogMeln (LOGM) weakness a buying opportunity”

According to TipRanks.com, Power is a 5-star analyst with an average return of 11.2% and a 65.8% success rate. Power covers the Technology sector, focusing on stocks such as Vonage Holdings, Sprint Corp, and RingCentral.

Currently, the analyst consensus on LogMeIn is Strong Buy and the average price target is $141, representing a 22.9% upside.

In a report issued on April 18, Mizuho Securities also maintained a Buy rating on the stock with a $145 price target.

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LogMeIn’s market cap is currently $5.99B and has a P/E ratio of 41.41. The company has a book value ratio of 1.8945.

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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.

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