Stifel raised the firm’s price target on Ciena (CIEN) to $270 from $230 and keeps a Buy rating on the shares following a “robust” Q4 earnings beat. The firm contends new pipeline opportunities point to further longer-tailed margin expansion. Stifel told investors that despite a historically premium valuation, it continues to see Ciena as a compelling buy for investors seeking multi-year AI-driven upside as coherent optical based high-speed connectivity arrives at an inflection point within AI-related network expansion.
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