BofA Raises its Price Target on Ciena (CIEN)

Ciena Corporation (NYSE:CIEN) is one of the 10 Best Data Center Stocks with Huge Upside Potential.

On May 26, 2026, BofA analyst Tal Liani raised the firm’s price target on Ciena Corporation (NYSE:CIEN) to $660 from $550 and maintained a Buy rating on the shares. Liani said Cisco’s (CSCO) recent fiscal Q3 results and commentary around continued strong demand for Acacia keep BofA positive on the underlying demand environment for Optical Networking.

On May 18, 2026, Citi analyst Atif Malik 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. Citi cited Ciena’s higher sustainable sales growth and improved profitability for the target increase.

Similarly, TD Cowen analyst Sean O’Loughlin raised the firm’s price target on Ciena Corporation (NYSE:CIEN) to $675 from $425 and maintained a Buy rating on the shares. O’Loughlin said AI capex continues to move higher as investors look for the next infrastructure “bottleneck.” TD Cowen said this has driven a “bifurcation within the infrastructure trade,” with optical names trading higher on expectations of future shortages. The firm 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.

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