UBS Maintains Neutral Rating for Ciena: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
UBS has maintained its Neutral rating for Ciena (NYSE:CIEN) and raised its price target from $48.00 to $52.00. Ciena's shares are currently trading down 2.61% at $48.67 per share. A move to $52.00 would represent a 6.83% increase from the current share price.
September 01, 2023 | 5:00 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
UBS has maintained its Neutral rating for Ciena and raised its price target. This could potentially lead to a 6.83% increase in Ciena's share price.
UBS's decision to maintain a Neutral rating indicates that they do not expect significant changes in Ciena's stock performance. However, the raised price target suggests potential for growth, which could positively impact the stock price. The current share price is trading down, which may be a temporary fluctuation.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100