Needham Maintains Buy on Ciena, Raises Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Alex Henderson maintains a Buy rating on Ciena (NYSE:CIEN) and raises the price target from $50 to $60.
September 01, 2023 | 8:05 am
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POSITIVE IMPACT
Needham analyst Alex Henderson maintains a Buy rating on Ciena and raises the price target from $50 to $60. This could potentially lead to an increase in the stock's price.
The raised price target by Needham indicates a positive outlook for Ciena. This could lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100