B. Riley Securities Maintains Buy on Ciena, Raises Price Target to $68
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Dave Kang has reaffirmed a Buy rating on Ciena (NYSE:CIEN) and increased the price target from $67 to $68, indicating a positive outlook on the company's stock.
December 08, 2023 | 4:57 pm
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B. Riley Securities analyst Dave Kang maintains a Buy rating on Ciena and raises the price target from $67 to $68, suggesting confidence in the company's future performance.
The increase in price target by B. Riley Securities reflects a positive assessment of Ciena's stock, likely due to favorable market conditions, strong company performance, or positive industry trends. As price targets can influence investor sentiment and stock prices, this revised target may lead to short-term price appreciation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100