Roth Capital Maintains Buy On Plantronics, Raises PT To $52
In a research note released earlier today, Roth Capital analyst Dave King reiterated a Buy rating on Plantronics, Inc. (PLT) and increased his price target to $52 (from $50). “We continue to recommend PLT shares for the significant longer-term growth opportunity available in Unified Communications as well as the company’s strong free cash flow and ~$7.85/share in net cash. We believe shares look attractive at 13x FY15E EPS, ex-cash and EPS growth looks to be accelerating to a pace more commensurate with revenue, while management is seemingly returning more cash to shareholders”, king wrote.
According to TipRanks, which measures analysts and bloggers success rate based on how their calls perform, analyst Dave King currently has a one-year average return of -3.5% and a 33% success rate. He is ranked #2731 out of 3123 analysts.