Rosenblatt Reiterates Buy on Ciena, Maintains $57 Price Target
Portfolio Pulse from richadhand@benzinga.com
Rosenblatt analyst Mike Genovese has reiterated a 'Buy' rating on Ciena (NYSE:CIEN) and maintained a price target of $57.
August 30, 2023 | 11:08 am
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Ciena's stock rating has been reiterated as 'Buy' by Rosenblatt analyst Mike Genovese, with a maintained price target of $57.
The reiteration of a 'Buy' rating by a reputable analyst like Mike Genovese is a positive signal for investors. The maintained price target of $57 indicates that the analyst believes the stock has potential for growth. This could lead to increased investor confidence and potentially a rise in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100