What happened 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. So what 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. Image source: Getty Images. Poly is enjoying a "strong headset and video tailwind," Latimore wrote in a research note to investors, as many companies have transitioned to remote work models this year during the COVID-19 pandemic. The tech company's headsets and video-conferencing offerings are instrumental in helping employees maintain productivity and collaboration remotely. Now what Poly said in July that it was struggling to meet "elevated headset demand" due to supply chain challenges and ended the quarter with a backlog of 5 weeks. The company named Dave Shull as its new CEO in August after former CEO Joe Burton agreed earlier this year to step down as part of a management shake-up. Poly is scheduled to report fiscal second-quarter results on Oct. 29. The company's outlook calls for adjusted revenue of $350 million to $390 million, which should result in adjusted earnings before interest, taxation, depreciation, and amortization (EBITDA) of $45 million to $65 million and adjusted earnings per share of $0.25 to $0.65. Analysts are expecting $372.7 million in sales and adjusted earnings per share of $0.44. 10 stocks we like better than PlantronicsWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Plantronics wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of September 24, 2020 Evan Niu, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source