Ciena price target raised to $95 from $82 at Stifel

Stifel analyst Ruben Roy raised the firm’s price target on Ciena (CIEN) to $95 from $82 and keeps a Buy rating on the shares. Q4 revenue was above expectations, while orders were greater than revenue and drove a second quarter in a row of book-to-bill above one, the analyst tells investors. Ciena increased its three-year revenue outlook, now expecting average growth of 8%-11% over the 2025-2027 period, versus a prior three-year growth outlook of 6%-8%, notes the analyst, who continues to see Ciena as a primary beneficiary of incremental bandwidth growth on AI-related data movement.