Yes, logo is in the scrabble dictionary

...and is worth 7 points by itself.

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Logo Definition

noun

A name, symbol, or trademark designed for easy and definite recognition, especially one borne on a single printing plate or piece of type.
from The American Heritage Dictionary of the English Language, 4th Edition
A computer programming language that employs simple English commands and is used especially for introducing school children to computers.
from Free Scrabble Dictionary
An identifying statement .
from Free Scrabble Dictionary

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Top Words by points

Points

logo

5

2 letter words with LOGO

Points

go

3

lo

2

3 letter words with LOGO

Points

goo

4

log

4

loo

3

4 letter words with LOGO

Points

logo

5

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