Needham Reiterates Buy on Ciena, Maintains $70 Price Target
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Alex Henderson has reiterated a Buy rating on Ciena (NYSE:CIEN) and maintained a $70 price target.
June 02, 2023 | 10:46 am
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Needham analyst Alex Henderson reiterates a Buy rating on Ciena and maintains a $70 price target.
The Buy rating and maintained $70 price target from Needham analyst Alex Henderson indicates a positive outlook for Ciena's stock. This news is likely to have a positive impact on the stock price in the short term as it reaffirms the analyst's confidence in the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100