Ciena price target raised to $280 from $270 at Stifel

Stifel raised the firm’s price target on Ciena (CIEN) to $280 from $270 and keeps a Buy rating on the shares as the firm provided updated thoughts on core optical companies under its coverage at the start of 2026. Given valuation consideration and expected near-term execution, the firm leans “most favorably” towards Coherent (COHR), but continues to expect positively biased estimate revisions for Lumentum (LITE) and Ciena as well, the analyst tells investors.