Needham Maintains Buy on Ciena, Raises Price Target to $65
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Alex Henderson maintains a Buy rating on Ciena (NYSE:CIEN) and raises the price target from $60 to $65.
March 04, 2024 | 11:43 am
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POSITIVE IMPACT
Needham analyst Alex Henderson maintains a Buy rating on Ciena and raises the price target from $60 to $65.
The upgrade in the price target by Needham reflects a positive outlook on Ciena's future performance. This analyst endorsement is likely to instill confidence in investors, potentially driving up the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100