Fahad Najam analyst at Loop Capital Markets reiterates coverage on Ciena (CIEN) in the Technology sector with a Buy rating. TipRanks.com has Najam rated as a 3.7 star analyst with a 43% return on investment and a 15.9% success rate. Najam has set a price target of $ 84.
TipRanks.com reports that Ciena currently has 15 analysts offering 12-month price targets and the consensus is a Strong Buy rating with an average price target is $70.53. The target pricing ranges from a high forecast of $88.00 down to a low forecast of $51.00. Ciena (CIEN)’s last closing price was $48.86 which would put the average price target at 44.35% upside.
In addition, TradingView issued a Sell rating for CIEN over the next month, Barchart.com has a Strong sell rating and Yahoo! Finance has a Bearish short-term outlook. Remember, securities are volatile, so please do your own research on CIEN.
Other analysts covering CIEN include:
- Paul Silverstein of Cowen & Co. issued a Buy rating with the price target of $ 82 on 2 days ago
- Jim Kelleher of Argus Research issued a Buy rating with the price target of $ 68 on 5 days ago
- Dave Kang of B.Riley Financial issued a Buy rating with the price target of $ 67 on 5 days ago
- Tim Long of Barclays issued a Buy rating with the price target of $ 70 on 5 days ago
TipRanks.com tracks and measures the performance of over 50,000 financial experts. The TipRanks Star Ranking TM is calculated based on expert success rate, average return and statistical significance. Get more from TipRanks.com here >>
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