Needham Maintains Buy on Ciena, Lowers Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Ryan Koontz maintains a Buy rating on Ciena (NYSE:CIEN) but lowers the price target from $65 to $60.
June 07, 2024 | 10:39 am
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NEUTRAL IMPACT
Needham analyst Ryan Koontz maintains a Buy rating on Ciena but lowers the price target from $65 to $60.
The maintained Buy rating suggests continued confidence in Ciena's performance, but the lowered price target indicates some caution. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100