Ciena price target raised to $320 from $280 at Stifel

Stifel analyst Ruben Roy raised the firm’s price target on Ciena (CIEN) to $320 from $280 and keeps a Buy rating on the shares following a “solid” Q1 beat and “healthy” fiscal Q2 guidance. Management raised FY26 revenue guidance to $6.1B, which would be up 28% year-over-year, though the growth outlook “seems conservative,” the analyst tells investors.