Stifel Nicolaus Raises PT on Ciena Corporation (CIEN), Maintains a Buy

​Ciena Corporation (NYSE:CIEN) is 1 of the High-Flying Tech Stocks to Buy. On January 22, Ruben Roy from Stifel Nicolaus reiterated a Buy standing connected the banal and raised the terms people from $270 to $280. However, earlier connected January 20, Tal Liani from Bank of America Securities downgraded Ciena Corporation (NYSE:CIEN) from Buy to Hold with a $260 terms target.

​Stifel Nicolaus noted that the accrued terms people is based connected the anticipation of a “step-function summation successful networking intensity.” This anticipation is based connected the emergence of agentic AI and reasoning networks, which means that networks volition request much powerfulness arsenic information becomes analyzable and drives monolithic postulation successful the coming years. The steadfast added that previously, networking tech standards took years to develop. However, present the cycles are speeding up. As a result, the steadfast expects AI networking to proceed increasing steadily portion computing powerfulness explodes adjacent faster, thereby driving demand.

​On the different hand, Bank of America Securities sees important challenges for Ciena Corporation (NYSE:CIEN) related to its valuation and halfway business. The steadfast added that the institution faces challenges, including precocious valuation, hazard of slower backlog growth, and weaker spending arsenic web providers hold for the request to increase.

​On the agleam side, BofA acknowledged the coagulated deployment plans from unreality and neocloud leaders, signaling ongoing networking instrumentality demand. However, the steadfast remains cautious with a Hold rating.

​Ciena Corporation (NYSE:CIEN) is simply a web exertion institution that provides hardware, software, and services for assorted web operators successful the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and India.

While we admit the imaginable of CIEN arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you’re looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double successful 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This nonfiction is primitively published astatine Insider Monkey.