Northland Securities analyst Michael Latimore maintained a Buy rating on Plantronics (NYSE:PLT) on Friday, setting a price target of $55, which is approximately 48.69% above the present share price of $36.99.
Latimore expects Plantronics to post earnings per share (EPS) of $0.49 for the second quarter of 2021.
The current consensus among 2 TipRanks analysts is for a Moderate Buy rating of shares in Plantronics, with an average price target of $51.5.
The analysts price targets range from a high of $55 to a low of $48.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $484.69 million and a net profit of $42.87 million. The company's market cap is $1.53 billion.
According to TipRanks.com, Northland Securities analyst Michael Latimore is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 25.3% and a 52.45% success rate.
Plantronics, Inc. engages in the design, manufacture, and distribution of headsets, voice, video, and content sharing solutions. Its product include enterprises headsets, consumer headsets, voice video, and content sharing solutions. The company was founded by Courtney Graham (NYSE:GHM) and Keith Larkin in 1961 and is headquartered in Santa Cruz, CA.