Needham Reiterates Buy on Ciena, Maintains $65 Price Target
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Alex Henderson has reiterated a Buy rating on Ciena (NYSE:CIEN) and maintained a $65 price target on the stock.
March 08, 2024 | 8:45 am
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Needham analyst Alex Henderson reiterates a Buy rating on Ciena, with a maintained price target of $65.
The reiteration of a Buy rating by a reputable analyst, along with the maintenance of a $65 price target, suggests a positive outlook on Ciena's stock. This endorsement could lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100