Needham Reiterates Buy on Ceragon Networks, Maintains $5.25 Price Target
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Alex Henderson has reiterated a Buy rating on Ceragon Networks (NASDAQ:CRNT) and maintained a price target of $5.25.
January 18, 2024 | 11:42 am
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Needham analyst Alex Henderson reaffirmed a Buy rating on Ceragon Networks, with a price target of $5.25, indicating a positive outlook on the stock.
The reiteration of a Buy rating by a respected analyst typically instills confidence in investors and can lead to a positive short term impact on the stock price. The maintained price target suggests that the analyst believes the stock has potential to reach or exceed that target, which could encourage investment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100