Rosenblatt Maintains Buy on Ciena, Raises Price Target to $65
Portfolio Pulse from Benzinga Newsdesk
Rosenblatt analyst Mike Genovese has maintained a 'Buy' rating on Ciena (NYSE:CIEN) and raised the price target from $57 to $65.
September 01, 2023 | 11:04 am
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POSITIVE IMPACT
Rosenblatt has maintained a 'Buy' rating on Ciena and raised the price target from $57 to $65, which could positively impact the stock's price.
The 'Buy' rating maintained by Rosenblatt indicates a positive outlook for Ciena. The increase in the price target from $57 to $65 suggests that the analyst believes the stock has potential for further growth. This could lead to increased investor confidence and a potential rise in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100