Rosenblatt Maintains Neutral on Ciena, Raises Price Target to $54
Portfolio Pulse from Benzinga Newsdesk
Rosenblatt analyst Mike Genovese maintains a Neutral rating on Ciena (NYSE:CIEN) and raises the price target from $52.5 to $54.
June 07, 2024 | 12:17 pm
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Rosenblatt analyst Mike Genovese maintains a Neutral rating on Ciena and raises the price target from $52.5 to $54.
The raised price target from $52.5 to $54 indicates a positive outlook, which could lead to a slight increase in investor confidence and potentially a small uptick in the stock price. However, the Neutral rating suggests limited upside potential.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100