Why Plantronics Stock Skyrocketed Today
Shares of Plantronics (NYSE: PLT) have skyrocketed today, up by 20% as of 12:45 p.m. EDT, after getting an upgrade from Wall Street. The company, which goes by the name Poly, is expected to benefit from the remote work trend.
Northland Capital Markets has boosted its rating on the stock from market perform (equivalent to neutral) to outperform (equivalent to buy), while analyst Michael Latimore maintained a price target of $24, which represents nearly 65% potential upside from Friday's closing price.
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Source Fool.com