JPMorgan has revised its price target for Ciena (CIEN, Financial), reducing it from $88 to $76. Despite this adjustment, the financial institution maintains an Overweight rating on the stock. This revision is a response to the prevailing macroeconomic uncertainty, particularly influenced by the impact of tariffs.
The analysis from JPMorgan incorporates expectations of a wider economic slowdown, which is anticipated to result in demand softening across multiple customer sectors. This aligns with the broader projections of reduced demand from consumers, enterprises, and telecommunications clients.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 14 analysts, the average target price for Ciena Corp (CIEN, Financial) is $78.58 with a high estimate of $100.00 and a low estimate of $44.00. The average target implies an upside of 33.48% from the current price of $58.87. More detailed estimate data can be found on the Ciena Corp (CIEN) Forecast page.
Based on the consensus recommendation from 17 brokerage firms, Ciena Corp's (CIEN, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Ciena Corp (CIEN, Financial) in one year is $59.60, suggesting a upside of 1.24% from the current price of $58.87. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Ciena Corp (CIEN) Summary page.
