Raymond James Raises Ciena (CIEN) Price Target to $250 After FY4Q Results

Ciena Corporation (NYSE:CIEN) is one of the Trending AI Stocks on Wall Street. On December 11, Raymond James raised its price target on the stock to $250 from $120 while maintaining an “Outperform” rating. The rating affirmation follows Ciena’s fiscal fourth-quarter 2025 report. The firm noted how CIEN raised its FY26 growth outlook to 21%-29%, up from its prior projection of 17% growth. The outlook beats concerns about a soft Q1 forecast due to Ciena’s broadening business, including expanded demand, stro ...