Jefferies analyst George Notter identifies Ciena (CIEN) as “a top idea for 2025,” based on the thesis that investors still “grossly under-estimate” the impact of AI-based traffic, that the company is the structural long-term winner in optical and that it will benefit from completion of the excess inventory reduction among its Tier 1 customers. The firm maintains a Buy rating and $105 price target on Ciena, saying it likes the “idea of buying the structural long-term winner in the space at a relatively pedestrian forward PE multiple.”
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Read More on CIEN:
- Citi Says These 2 AI Infrastructure Framework Stocks Are Top Picks for 2025
- Ciena price target raised to $84 from $65 at JPMorgan
- Ciena price target raised to $97 from $68 at B. Riley
- Ciena price target raised to $95 from $80 at Needham
- Ciena price target raised to $98 from $84 at Citi
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
