Barclays Maintains Overweight on Ciena, Raises Price Target to $67
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Tim Long has maintained an Overweight rating on Ciena (NYSE:CIEN) and raised the price target from $55 to $67.
September 05, 2024 | 3:03 pm
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Barclays analyst Tim Long has maintained an Overweight rating on Ciena and increased the price target from $55 to $67, indicating a positive outlook.
The increase in price target from $55 to $67 by Barclays suggests a positive outlook for Ciena, likely leading to a short-term increase in stock price as investors react to the analyst's confidence.
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