MarketMoodz
BofA lifts Ciena price target to $550 as AI infrastructure outlook deepens
Bank of America raises its price target on Ciena to $550 from $355 and reiterates a Buy rating. The note ties CIEN to a broader AI-infrastructure cycle driven by hyperscale data centers, backed by a $7 billion backlog.
Key Takeaways
- Bank of America increases CIEN price target to $550 from $355 with a Buy rating.
- CIENA backlog stands at $7 billion, signaling strong demand.
- 800G ZR pluggables market share forecast to rise from ~30% in 2025 to at least 50% in 2026, with the market growing 10x.
- Hyperscalers’ capex and AI workloads are accelerating bandwidth needs into 2026-2028.
People Involved
- No specific individuals mentioned
Entities Involved
- Ciena Corp. (CIEN) Networking equipment and optical solutions company
- Bank of America Equity research note issuer on CIEN
MarketMoodz Analysis
Investors gain high-beta exposure to AI hardware cycles as hyperscale data centers push optics demand higher.
Source: Original Article
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