Stifel Maintains Buy on Ciena, Raises Price Target to $75
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Ruben Roy maintains a Buy rating on Ciena (NYSE:CIEN) and raises the price target from $68 to $75.
October 09, 2024 | 12:18 pm
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Stifel analyst Ruben Roy has reaffirmed a Buy rating on Ciena and increased the price target from $68 to $75, indicating confidence in the company's future performance.
The increase in price target from $68 to $75 by Stifel suggests a positive outlook on Ciena's future performance. This is likely to boost investor confidence and could lead to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100