Ciena Stock (NYSE:CIEN), Analyst Ratings, Price Targets, Predictions

The latest price target for Ciena (NYSE: CIEN) was reported by Citigroup on April 12, 2024. The analyst firm set a price target for $44.00 expecting CIEN to fall to within 12 months (a possible -7.62% downside). 38 analyst firms have reported ratings in the last year.

The latest analyst rating for Ciena (NYSE: CIEN) was provided by Citigroup, and Ciena initiated their sell rating.

The last upgrade for Ciena Corp happened on January 12, 2024 when Evercore ISI Group raised their price target to $57. Evercore ISI Group previously had an in-line for Ciena Corp.

The last downgrade for Ciena Corp happened on March 29, 2023 when Morgan Stanley changed their price target from $59 to $57 for Ciena Corp.

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Ciena, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Ciena was filed on April 12, 2024 so you should expect the next rating to be made available sometime around April 12, 2025.

While ratings are subjective and will change, the latest Ciena (CIEN) rating was a initiated with a price target of $0.00 to $44.00. The current price Ciena (CIEN) is trading at is $47.63, which is out of the analyst’s predicted range.