JP Morgan Maintains Overweight on Ciena, Raises Price Target to $67
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Samik Chatterjee maintains an Overweight rating on Ciena (NYSE:CIEN) and raises the price target from $56 to $67.
March 05, 2024 | 12:51 pm
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JP Morgan analyst Samik Chatterjee maintains an Overweight rating on Ciena and raises the price target from $56 to $67.
The increase in price target by a reputable analyst like Samik Chatterjee from JP Morgan is a strong positive signal for Ciena. It suggests a bullish outlook on the company's future performance and potential for stock price appreciation. This kind of endorsement typically leads to increased investor confidence and can drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100