There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Ciena (CIEN) and BlueCity Holdings (BLCT) with bullish sentiments.
Ciena (CIEN)
Needham analyst Alex Henderson assigned a Buy rating to Ciena today and set a price target of $58.00. The company’s shares closed last Thursday at $46.10.
According to TipRanks.com, Henderson is a 5-star analyst with an average return of 23.0% and a 62.1% success rate. Henderson covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, Applied Optoelectronics, and Acacia Communications.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ciena with a $48.30 average price target, representing a 4.9% upside. In a report issued on December 3, Raymond James also maintained a Buy rating on the stock.
See today’s analyst top recommended stocks >>
BlueCity Holdings (BLCT)
BlueCity Holdings received a Buy rating and a $20.00 price target from Oppenheimer analyst Bo Pei CFA today. The company’s shares closed last Thursday at $9.87, close to its 52-week low of $8.04.
According to TipRanks.com, CFA is a 1-star analyst with an average return of -4.1% and a 41.2% success rate. CFA covers the Technology sector, focusing on stocks such as Tencent Music Entertainment Group, Yalla Group, and Iqiyi.
BlueCity Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $20.00.
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