Barclays Maintains Overweight on Ciena, Raises Price Target to $63
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Tim Long maintains an Overweight rating on Ciena (CIEN) and raises the price target from $60 to $63.

March 08, 2024 | 11:17 am
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Barclays has maintained an Overweight rating on Ciena and increased the price target from $60 to $63.
The upgrade in the price target by Barclays, a reputable financial institution, suggests a positive outlook on Ciena's stock. This is likely due to favorable analysis of the company's future performance, which could lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100