5 Best American Stocks to Buy and Hold for the Next Decade

2. Ciena Corporation (NYSE:CIEN)

On May 29, 2026, Stifel raised the firm’s price target on Ciena Corporation (NYSE:CIEN) to $615 from $585 and maintained a Buy rating on the shares. Stifel said it expects Ciena’s fiscal Q2 results to extend the Q1 “beat-raise motif.”

Citi analyst Atif Malik also raised the firm’s price target on Ciena Corporation (NYSE:CIEN) to $658 from $345 and maintained a Buy rating on the shares ahead of the April quarter report on June 4. Malik said the company’s fiscal 2027 and 2028 growth expectations have “materially increased” due to stronger demand for optical connectivity.

Similarly, TD Cowen analyst Sean O’Loughlin raised the firm’s price target on Ciena to $675 from $425 and maintained a Buy rating. O’Loughlin said AI capex continues to move higher as investors look for the next infrastructure “bottleneck,” driving a “bifurcation within the infrastructure trade” as optical names trade higher on expectations of shortages. TD Cowen now sees $1.3 trillion in data center silicon spending by 2030, up from $1.2 trillion previously.

Ciena Corporation (NYSE:CIEN) provides hardware, software, and services for network operators across the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and India.