J.P. Morgan Maintains Overweight on LogMeIn

J.P. Morgan is out with its report today on LogMeIn (NASDAQ: LOGM), maintaining Overweight.

In its report, J.P. Morgan writes, "We believe LogMeIn is a differentiated Software-as-a-Service vendor owing to a unique technology platform that allows the company to generate best-in-class gross margins of greater than 90% while also providing a superior user experience (less latency)."

J.P. Morgan maintains a $46 PT on LOGM.

Shares of LOGM closed Wednesday at $35.72.