Rosenblatt Maintains Neutral on Ciena, Raises Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
Rosenblatt analyst Mike Genovese maintains a Neutral rating on Ciena (NYSE:CIEN) but raises the price target from $54 to $60.
September 05, 2024 | 7:11 pm
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Rosenblatt analyst Mike Genovese maintains a Neutral rating on Ciena but raises the price target from $54 to $60, indicating a positive outlook.
The increase in price target from $54 to $60 suggests a positive outlook for Ciena, which could lead to a short-term increase in stock price. However, the Neutral rating indicates that the analyst does not see a strong buy opportunity, balancing the impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100