Rosenblatt Reiterates Buy on Ciena, Maintains $65 Price Target
Portfolio Pulse from Benzinga Newsdesk
Rosenblatt analyst Mike Genovese has reiterated a Buy rating on Ciena (NYSE:CIEN) and maintained a $65 price target for the company's stock.
November 28, 2023 | 12:40 pm
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POSITIVE IMPACT
Rosenblatt analyst Mike Genovese reaffirmed a Buy rating on Ciena and kept the price target at $65, indicating a positive outlook on the stock.
The reiteration of a Buy rating by a respected analyst typically instills confidence in current and potential investors, suggesting a positive short-term impact on the stock price. The maintained price target of $65 indicates the analyst's belief that the stock has the potential to reach or exceed this level, which is likely to be viewed favorably by the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100