LOGI Stock Forecast: Growth During the Pandemic Period Enables $162 Outlook for 2022

Emily_portraitThis LOGI stock forecast article was written by Emily Adelson – Analyst at I Know First.

Highlights:

  • Logitech Inc has experienced rapid growth in the last few years, most significantly with their stock growth by over 135% percent in the past fiscal year alone, discussed below. 
  • Over the last fiscal year, the Logitech stock grew by 76%, and revenue doubled reaching 1.46 billion
  • Logitech's recent acquisition of Streamlands and Sync has resulted in major growth within the company
  • My predicted stock price for June 2022 is $161.51, because of the growing demand for computer accessories as a result of the work-from-home environment. 

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Stock Market Forecast for Major US Indexes Reaches 90% Accuracy Despite Market Volatility

Stock Market Indexes Forecast Highlights:

  • The best hit Ratio is 100% for the 365-day time horizon both for QQQ and SPY ETFs
  • Russell 2000, Dow Jones transportation, and Dow Jones Industrial indexes' predictions are reaching 90%, 93% and 99% accuracy
  • Our performance evaluation period covers the Covid-19 times, yet all the forecasts are still more than 53% accurate for all time horizons.

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I Know First ETF Predictions Coverage Update for 2021

I Know First generates daily predictions for over 10,000 assets and 559 Equity ETF predictions and continues to expand the coverage.

etf predictions

The Importance of Investing in ETFs

The ETF industry had a great year in 2020 as it has benefitted from the rising popularity of low-cost, diversified index fund management. The global inflows for the year surpassed $750 billion, a new record, and global assets under management grew by over 30%. According to ETF.com, a minimum of a 110% return was required to be among the top 10 best-performing ETFs of 2020, while a 94% gain was the threshold to enter the top 20.

The popularity of ETFs is expected

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CRON Stock Forecast: Recovery Ahead As New Products Launched

This CRON stock forecast article was written by Maria Grishaev, Analyst at I Know First.

Executive Summary

  • Cronos Group Inc. had a mixed year in 2020 with their stock losing 2.66%, mostly due to the COVID-19 pandemic.
  • Quantitative analysis results indicate bullish signals after stock price topped out the moving average line.
  • With the new Biden administration and the legalization of cannabis in five new states in the US, the new product launches worldwide, the company’s future is looking better.
  • Based on the Multiples Valuation model, my price target for CRON is 18$, indicating a cautious buy recommendation.

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Stock Market Forecast: S&P 500 & Nasdaq – Accuracy Up To 100%

Stock Market Predictions Highlights:

  • The best hit Ratio is 100% for the 365-day time horizon both of Nasdaq ETF (QQQ) and S&P500 (IXIC)
  • Our performance evaluation period covers the Covid-19 times, yet all the forecasts are still more than 60% accurate for all time horizons.

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ACB Stock Forecast: Is the Worst Behind Us?

This ALGN stock forecast article was written by Maria Grishaev, Analyst at I Know First.

Executive Summary

  • Aurora Cannabis Inc had a mixed year in 2020 with the stock losing 72.49% YTD..
  • With new management, a recent public offering and legalization of cannabis in five new states in the US, the company’s future is looking better.
  • Based on the Multiples Valuation model, my price target for ACB is 16$, indicating a cautious buy recommendation.

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I Know First Weekly Review Algorithmic Performance: July 7, 2020

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Investment Selection Using AI Predictive Algorithm
July 7, 2020

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IBM Stock Price Forecast: International Business Machines Is Exposed To Further Downside

motek 1The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.

Summary:

  • The debt load of International Business Machines is worrisome. IBM’s annual sales has been declining since 2011. It will be hard to pare down a total debt of $69.45 billion.
  • IBM had to issue $20 billion in new debt (bond) last year to fund its $34 billion acquisition of Red Hat. This is why IBM’s long-term debt is now more than $52.4 billion.
  • The debt-laden status of IBM plus its lingering inability to reverse the decline in its annual revenue is why its stock is undervalued and under-appreciated.
  • Using debt to grow its cloud business is justified. However, Red Hat is not yet helping cloud revenue grow fast enough to mitigate the decline in IBM’s legacy enterprise business.
  • We can only pray that this pandemic will encourage more companies to subscribe to IBM’s cloud computing solutions.

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