Stock Rating Upgrade
The Value Trend Rating for Logitech International SA, Apple (NASDAQ: LOGI) improved in recent days from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
On 5/1/24, Logitech International SA, Apple (NASDAQ: LOGI) stock rose modestly by 0.8%, closing at $79.01. Moreover, this advance was accompanied by above average trading volume at 137% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but is unchanged during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, LOGI is expected to continue to be a major Value Builder.
Logitech International SA, Apple has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Logitech International SA, Apple has a slightly negative Appreciation Score of 38 but a very high Power Rating of 88, resulting in the Positive Value Trend Rating.
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