Morgan Stanley Raises Price Target for Ciena (CIEN) but Maintains Equal-Weight Rating

Following a strong earnings report, Morgan Stanley raised its price target for Ciena (CIEN) to $490 from $405. Despite the increase, it maintained an equal-weight rating and set the new target below CIEN's pre-report trading level of around $620.

By Peace Longe · TheStreet · June 7, 2026, 12:07 UTC

Tickers: $CIEN $MS

Topics: AI infrastructure Ciena Morgan Stanley stock price target

Read the full article at TheStreet

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