Stifel Maintains Buy on Ciena, Raises Price Target to $68
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Ruben Roy maintains a Buy rating on Ciena and raises the price target from $62 to $68.
September 03, 2024 | 12:40 pm
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Stifel analyst Ruben Roy has reaffirmed a Buy rating on Ciena and increased the price target from $62 to $68, indicating confidence in the company's future performance.
The increase in price target from $62 to $68 by Stifel suggests a positive outlook on Ciena's future performance. The Buy rating indicates that the analyst expects the stock to outperform, which could lead to a short-term increase in stock price as investors react to the news.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100