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Analysts Offer Insights on Technology Companies: Ciena (CIEN) and GoodRx Holdings (GDRX)

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Ciena (CIENResearch Report) and GoodRx Holdings (GDRXResearch Report) with bullish sentiments.

Ciena (CIEN)

In a report released today, George Notter from Jefferies maintained a Buy rating on Ciena, with a price target of $88.00. The company’s shares closed last Monday at $58.76.

According to TipRanks.com, Notter is a 5-star analyst with an average return of 15.2% and a 64.1% success rate. Notter covers the Technology sector, focusing on stocks such as CommScope Holding, Cambium Networks, and Cisco Systems.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Ciena with a $82.00 average price target, which is a 27.2% upside from current levels. In a report released yesterday, Needham also maintained a Buy rating on the stock with a $88.00 price target.

See today’s best-performing stocks on TipRanks >>

GoodRx Holdings (GDRX)

Jefferies analyst Glen Santangelo maintained a Buy rating on GoodRx Holdings yesterday and set a price target of $22.00. The company’s shares closed last Monday at $14.39, close to its 52-week low of $14.37.

According to TipRanks.com, Santangelo is ranked #554 out of 7777 analysts.

GoodRx Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $29.33, representing an 85.6% upside. In a report issued on February 28, Evercore ISI also maintained a Buy rating on the stock with a $47.00 price target.

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