Roth Capital Remains Bullish on Plantronics (PLT) Following Investor Day

Roth Capital reiterated a Buy rating and $64.00 price target on Plantronics (NYSE: PLT) following an investor day.

Analyst Dave King commented, "We are encouraged by the many ways in which Plantronics is seemingly paving the way to continued market leadership, especially as UC further gains traction. The near-term outlook should benefit from reaccelerating UC growth, offset somewhat by forex pressures and the ongoing retail transition to stereo Bluetooth. Our Buy reflects PLT’s leading market share, strong cash flow generation, and the significant longer-term growth opportunity in Unified Communications. Meanwhile, ROE is improving substantially due to significant debt-funded buyback activity."

For an analyst ratings summary and ratings history on Plantronics click here. For more ratings news on Plantronics click here.

Shares of Plantronics closed at $52.01 yesterday.

You May Also Be Interested In

• META to capture largest share of users, SNAP to benefit from ad budget shifts - Canaccord Genuity weighs in on TikTok ban
• Mizuho on Intel (INTC): "Just when you thought it could not get any worse..."
• CACI International (CACI) PT Raised to $440 at Stifel