Ceragon Networks price target raised to $6 from $4.50 at Roth MKM

Roth MKM raised the firm’s price target on Ceragon Networks (CRNT) to $6 from $4.50 and keeps a Buy rating on the shares. The company announced a definitive agreement to acquire End 2 End Technologies, which values it at 0.5-times on enterprise value to expected sales basis and is expected to be accretive in the back half of 2025, the analyst tells investors in a research note. The deal also provides a complementary backdrop for Ceragon into key energy and utility verticals, the firm added.