Needham Reiterates Buy on Ciena, Maintains $65 Price Target
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Ryan Koontz reiterates a Buy rating on Ciena (NYSE:CIEN) and maintains a $65 price target.
June 03, 2024 | 10:52 am
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Needham analyst Ryan Koontz reiterates a Buy rating on Ciena and maintains a $65 price target, indicating confidence in the company's future performance.
The reiteration of a Buy rating and maintenance of a $65 price target by a reputable analyst suggests a positive outlook for Ciena's stock. This could lead to increased investor confidence and potential short-term price appreciation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100