Deep Dive Into Ciena Stock: Analyst Perspectives (8 Ratings)
Portfolio Pulse from Benzinga Insights
Analysts have provided mixed ratings for Ciena (NYSE:CIEN) over the past quarter, with a range of price targets from $44.00 to $67.00. The average price target remains at $60.75. Recent actions include JP Morgan lowering its target to $60.00 and Citigroup announcing a sell rating with a $44.00 target.
May 30, 2024 | 8:01 pm
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NEUTRAL IMPACT
Ciena has received mixed analyst ratings with price targets ranging from $44.00 to $67.00. The average price target remains at $60.75, indicating a consistent view from analysts. Recent actions include JP Morgan lowering its target to $60.00 and Citigroup announcing a sell rating with a $44.00 target.
The mixed ratings and stable average price target suggest a neutral short-term impact on Ciena's stock price. The range of price targets indicates differing opinions among analysts, but the consistency in the average target reflects a stable outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100