Needham Maintains Buy on Ciena, Raises Price Target to $65
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Ryan Koontz maintains a Buy rating on Ciena (NYSE:CIEN) and raises the price target from $60 to $65.
August 22, 2024 | 11:19 am
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Needham analyst Ryan Koontz has reiterated a Buy rating for Ciena and increased the price target from $60 to $65, indicating confidence in the company's future performance.
The increase in price target from $60 to $65 by Needham suggests a positive outlook for Ciena's stock, likely leading to a short-term price increase. The Buy rating indicates continued confidence in the company's performance.
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